| Title |
Factors influencing non-life insurance demand: case of Lithuania |
| Authors |
Malakauskienė, Karolina ; Lakštutienė, Aušrinė ; Witkowska, Justyna |
| Full Text |
|
| Is Part of |
Management theory and studies for rural business and infrastructure development : scientific journal = Vadybos mokslas ir studijos – kaimo verslų ir jų infrastruktūros plėtrai : mokslo žurnalas.. Kaunas : Vytauto Didžiojo universitetas. 2022, vol. 44, no. 3, p. 244-253.. ISSN 1822-6760. eISSN 2345-0355 |
| Keywords [eng] |
non-life insurance demand ; VAR ; Granger Causality |
| Abstract [eng] |
This paper studies factors affecting non-life insurance demand in Lithuania. The study identified variables that are important in analyzing the demand for non-life insurance and were applied in estimating multivariate VAR, Classical Granger, and Toda-Yamamoto causalities. Lithuania’s case showed three significant causal relationships: positive - between non-life insurance demand and inflation and loss probability, negative - between density and short-term interest rate. Loss probability and short-term interest rate have been shown to be significant across all models. Inflation was deemed to be the effect of shift in demand rather than the cause. |
| Published |
Kaunas : Vytauto Didžiojo universitetas |
| Type |
Journal article |
| Language |
English |
| Publication date |
2022 |
| CC license |
|
