Advanced Search
MyIDEAS: Login to save this paper or follow this series

Regional Dynamics of Insurances in Romania

Contents:

Author Info

  • Dan Constantinescu

    ()

  • Constantin Rotaru
  • Nicolae-Marius Jula

    ()

Abstract

In the paper we analyze the economic, social, cultural, institutional and political factors that determine regional demand for services like 'insurance'. As economic factors, we analyze the impact of non-governmental credit over the insurance market. Development of an econometric model is based not only on the actual loan methodology (involving the securities, life insurance for applicants and guarantors), but also on direct connections from the range of credit risk insurance products. On the other hand, non-government credit growth, by enhancing repayment commitments, leads to a reduction in financial resources that can be used, for example, to voluntary / optional insurances, not directly linked with loan process. Last but not least, above-mentioned interferences put footprint on specific partnerships, such as – for example – banc assurance. The residues from the regression equation specific to each region can be explained by social and cultural characteristics. Based on these results, we considered two scenarios for the regional evolution of Romanian insurance market, first determined by the significant factors of this process (GDP per capita, monthly net nominal average wage / capita, population, size of distribution network) as they were outlined in a previous study, the second taking into account the new predictions of non-governmental loan in terms of economic and financial crisis.

Download Info

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
File URL: http://www-sre.wu.ac.at/ersa/ersaconfs/ersa10/ERSA2010finalpaper1296.pdf
Download Restriction: no

Bibliographic Info

Paper provided by European Regional Science Association in its series ERSA conference papers with number ersa10p1296.

as in new window
Length:
Date of creation: Sep 2011
Date of revision:
Handle: RePEc:wiw:wiwrsa:ersa10p1296

Contact details of provider:
Postal: Welthandelsplatz 1, 1020 Vienna, Austria
Web page: http://www.ersa.org

Related research

Keywords:

Other versions of this item:

References

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
as in new window
  1. Jula, Dorin & Jula, Nicoleta, 2000. "The Romanian Regions Competitiveness," ERSA conference papers ersa00p266, European Regional Science Association.
Full references (including those not matched with items on IDEAS)

Citations

Lists

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

Statistics

Access and download statistics

Corrections

When requesting a correction, please mention this item's handle: RePEc:wiw:wiwrsa:ersa10p1296. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Gunther Maier).

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.