Socio-Economic and Macro-Financial Determinants and Spatial Effects on European Private Health Insurance Markets
There is a great variation in the development of private health insurance (PHI) between European countries. Using data provided by Insurance Europe, World Bank and Standard and Poor's for 30 European countries, our research investigates the main factors influencing the size of these markets....
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| Main Authors: | , , , , |
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| Format: | Article |
| Language: | English |
| Published: |
Editura ASE
2021-02-01
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| Series: | Amfiteatru Economic |
| Subjects: | |
| Online Access: | https://www.amfiteatrueconomic.ro/temp/Article_2994.pdf |
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| Summary: | There is a great variation in the development of private health insurance (PHI) between
European countries. Using data provided by Insurance Europe, World Bank and Standard
and Poor's for 30 European countries, our research investigates the main factors influencing
the size of these markets. In addition to some classical economic and social factors, the role
of the size of national macrofinancial aggregates is also highlighted. In order to relax the
constraints due to the multicollinearity phenomenon, we use as explanatory variables
aggregated indicators, both calculated by financial institutions and by us, based on
component items, used as proxy variables for different components of the financial system
at national level. Using cross-section regressions with White corrections for
heteroskedasticity and elements of spatial econometrics, we also analyze the possible
phenomena of clustering and behavioural contagion between the countries in the sample. |
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| ISSN: | 1582-9146 2247-9104 |