Relationship between Life and Non-Life Insurance and Globalization: Study of Group D8 Countries Using Bootstrap Panel Granger Causality Test
This study investigates the causal linkages between insurance (divided between life and non-life insurance) and globalization in Group D8 countries by focusing on country-specific analysis for the period 1999–2011. For this purpose, we have used the penetration rate of life and non-life insurance an...
| Main Authors: | , |
|---|---|
| Format: | Article |
| Language: | fas |
| Published: |
Allameh Tabataba'i University Press
2018-06-01
|
| Series: | Faslnāmah-i Pizhūhish/Nāmah-i Iqtisādī |
| Subjects: | |
| Online Access: | https://joer.atu.ac.ir/article_8867_075dd4d812f2ae0fd5051495efd364cf.pdf |
| _version_ | 1797375685224824832 |
|---|---|
| author | Shahram Fatahi Abolghasem Golkhandan |
| author_facet | Shahram Fatahi Abolghasem Golkhandan |
| author_sort | Shahram Fatahi |
| collection | DOAJ |
| description | This study investigates the causal linkages between insurance (divided between life and non-life insurance) and globalization in Group D8 countries by focusing on country-specific analysis for the period 1999–2011. For this purpose, we have used the penetration rate of life and non-life insurance and KOF globalization index (as a proxy of globalization) as primary variables. The method used in this study is based on the panel causality test provided by Konya (2006). This method is based on the Seemingly Unrelated Regressions (SUR) model and Wald tests with the country specific bootstrap critical values. Also, this test accounts for cross-dependency and heterogeneity among the members of the panel. Experimental results show that the causality between life and non-life insurance and globalization are not the same in different countries of D8 group, when considering their particular circumstances. For the case of Iran, only a one way causality from the globalization to non-life insurance is verified. |
| first_indexed | 2024-03-08T19:28:00Z |
| format | Article |
| id | doaj.art-e67a0cac59424764b30583d74b7fa9c4 |
| institution | Directory Open Access Journal |
| issn | 1735-210X 2476-6453 |
| language | fas |
| last_indexed | 2024-03-08T19:28:00Z |
| publishDate | 2018-06-01 |
| publisher | Allameh Tabataba'i University Press |
| record_format | Article |
| series | Faslnāmah-i Pizhūhish/Nāmah-i Iqtisādī |
| spelling | doaj.art-e67a0cac59424764b30583d74b7fa9c42023-12-26T08:03:06ZfasAllameh Tabataba'i University PressFaslnāmah-i Pizhūhish/Nāmah-i Iqtisādī1735-210X2476-64532018-06-01186916319110.22054/joer.2018.88678867Relationship between Life and Non-Life Insurance and Globalization: Study of Group D8 Countries Using Bootstrap Panel Granger Causality TestShahram Fatahi0Abolghasem Golkhandan1Associate Professor in Economics, Razi University of KermanshahPhD Student in Economics, Lorestan UniversityThis study investigates the causal linkages between insurance (divided between life and non-life insurance) and globalization in Group D8 countries by focusing on country-specific analysis for the period 1999–2011. For this purpose, we have used the penetration rate of life and non-life insurance and KOF globalization index (as a proxy of globalization) as primary variables. The method used in this study is based on the panel causality test provided by Konya (2006). This method is based on the Seemingly Unrelated Regressions (SUR) model and Wald tests with the country specific bootstrap critical values. Also, this test accounts for cross-dependency and heterogeneity among the members of the panel. Experimental results show that the causality between life and non-life insurance and globalization are not the same in different countries of D8 group, when considering their particular circumstances. For the case of Iran, only a one way causality from the globalization to non-life insurance is verified.https://joer.atu.ac.ir/article_8867_075dd4d812f2ae0fd5051495efd364cf.pdflife insurancenon-life insuranceglobalizationbootstrapgroup d8 countries |
| spellingShingle | Shahram Fatahi Abolghasem Golkhandan Relationship between Life and Non-Life Insurance and Globalization: Study of Group D8 Countries Using Bootstrap Panel Granger Causality Test Faslnāmah-i Pizhūhish/Nāmah-i Iqtisādī life insurance non-life insurance globalization bootstrap group d8 countries |
| title | Relationship between Life and Non-Life Insurance and Globalization: Study of Group D8 Countries Using Bootstrap Panel Granger Causality Test |
| title_full | Relationship between Life and Non-Life Insurance and Globalization: Study of Group D8 Countries Using Bootstrap Panel Granger Causality Test |
| title_fullStr | Relationship between Life and Non-Life Insurance and Globalization: Study of Group D8 Countries Using Bootstrap Panel Granger Causality Test |
| title_full_unstemmed | Relationship between Life and Non-Life Insurance and Globalization: Study of Group D8 Countries Using Bootstrap Panel Granger Causality Test |
| title_short | Relationship between Life and Non-Life Insurance and Globalization: Study of Group D8 Countries Using Bootstrap Panel Granger Causality Test |
| title_sort | relationship between life and non life insurance and globalization study of group d8 countries using bootstrap panel granger causality test |
| topic | life insurance non-life insurance globalization bootstrap group d8 countries |
| url | https://joer.atu.ac.ir/article_8867_075dd4d812f2ae0fd5051495efd364cf.pdf |
| work_keys_str_mv | AT shahramfatahi relationshipbetweenlifeandnonlifeinsuranceandglobalizationstudyofgroupd8countriesusingbootstrappanelgrangercausalitytest AT abolghasemgolkhandan relationshipbetweenlifeandnonlifeinsuranceandglobalizationstudyofgroupd8countriesusingbootstrappanelgrangercausalitytest |