Centro de Documentacion de Fundación MAPFRE - Law and the determinants of property-casualty insurance

Notes: This article examines the importance of legal rights and enforcement in influencing property-casualty insurance (PCI) consuption. We extend the existing literature by examining the role of legal factors in determining insurance density across countries. Using a panel data set, we apply a generalized methods of moments dynamic system estimator , which relaxes the assuption of strict exogeneity of the regressors and produces unbiased and efficient estimates. The result show a strong postive relationship between the protection of property rights and insurance consumption, which is robust to various model specifications and estimation techniques Related records: En: The Journal of risk and insurance. - Orlando. - Volume 71, number 1, March 2004 ; p. 265-283Materia / lugar / evento: Estudios Métodos estadísticos Seguro de daños patrimoniales Economía del seguro Demanda de seguros Teoría de la estimación Otros autores: Esho, Neil
Secondary titles: Título: The Journal of risk and insurance
Other categories: 32