Regional Dynamics of Insurances in Romania
AbstractIn 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 â€šÃ„Ã¬ for example â€šÃ„Ã¬ 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.
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Bibliographic InfoPaper provided by European Regional Science Association in its series ERSA conference papers with number ersa10p1296.
Date of creation: Sep 2011
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Other versions of this item:
- Dan CONSTANTINESCU & Constantin ROTARU & Marius-Nicolae JULA, 2011. "Regional Dynamics Of Insurances In Romania," ERSA conference papers, European Regional Science Association ersa10p1662, European Regional Science Association.
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.:
- Jula, Dorin & Jula, Nicoleta, 2000.
"The Romanian Regions Competitiveness,"
Journal for Economic Forecasting, Institute for Economic Forecasting,
Institute for Economic Forecasting, vol. 0(4), pages 90-99, December.
- Jula, Dorin & Jula, Nicoleta, 2000. "The Romanian Regions Competitiveness," ERSA conference papers, European Regional Science Association ersa00p266, European Regional Science Association.
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