Law and the determinants of property-casualty insurance

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<title>Law and the determinants of property-casualty insurance</title>
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<title>The Journal of risk and insurance</title>
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<namePart>Esho, Neil</namePart>
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<dateIssued encoding="marc">2004</dateIssued>
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<abstract>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 </abstract>
<note type="statement of responsibility">Neil Esho...[et al.]</note>
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<text>Volume 71, number 1, March 2004 ;  p. 265-283</text>
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