Law and the determinants of property-casualty insurance
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<subfield code="a">Law and the determinants of property-casualty insurance</subfield>
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<subfield code="a">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 </subfield>
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<subfield code="t">The Journal of risk and insurance</subfield>
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<subfield code="g">Volume 71, number 1, March 2004 ; p. 265-283</subfield>
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