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Liberalisation, Market Concentration And Performance In The Non-Life Insurance Industry Of Ex-Yugoslavia

Author

Listed:
  • Vladimir Njegomir

    (Faculty for Legal and Business Studies, Novi Sad, Serbia)

  • Dragan Stojic

    (University of Novi Sad, Serbia)

  • Dragan Markovic

    (DDOR Novi Sad, Serbia)

Abstract

The aim of this paper is to examine market structure, liberalisation and performance relationship for the non-life insurance industry in the ex-Yugoslavia region. We use the country-speciï¬ c fixed effects models for panel data allowing each cross-sectional unit to have a different intercept term serving as an unobserved random variable that is potentially correlated with the observed regressors. Three models are presented, each placing market structure, liberalisation and profitability in distinct surroundings defined by related control variables. The research results indicate strong influence of market structure and liberalisation on market profitability.

Suggested Citation

  • Vladimir Njegomir & Dragan Stojic & Dragan Markovic, 2011. "Liberalisation, Market Concentration And Performance In The Non-Life Insurance Industry Of Ex-Yugoslavia," Economic Thought and Practice, Department of Economics and Business, University of Dubrovnik, vol. 20(1), pages 21-40, june.
    • Handle: RePEc:avo:emipdu:v:20:y:2011:i:1:p:21-40
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    References listed on IDEAS

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    More about this item

    Keywords

    non-life insurance; market structure; profitability; ex-Yugoslavia region;
    All these keywords.

    JEL classification:

    • G22 - Financial Economics - - Financial Institutions and Services - - - Insurance; Insurance Companies; Actuarial Studies
    • L10 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - General

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