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 |
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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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| _version_ | 1850229765293735936 |
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| author | Gabriela Mihaela Mureșan Cristian Mihai Dragoș Codruța Mare Simona Laura Dragoș Alexandra Pintea |
| author_facet | Gabriela Mihaela Mureșan Cristian Mihai Dragoș Codruța Mare Simona Laura Dragoș Alexandra Pintea |
| author_sort | Gabriela Mihaela Mureșan |
| collection | DOAJ |
| description | 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. |
| format | Article |
| id | doaj-art-223ef8a7fb9c4e37bac35c7ee0eaaaae |
| institution | OA Journals |
| issn | 1582-9146 2247-9104 |
| language | English |
| publishDate | 2021-02-01 |
| publisher | Editura ASE |
| record_format | Article |
| series | Amfiteatru Economic |
| spelling | doaj-art-223ef8a7fb9c4e37bac35c7ee0eaaaae2025-08-20T02:04:06ZengEditura ASEAmfiteatru Economic1582-91462247-91042021-02-01235629030710.24818/EA/2021/56/290Socio-Economic and Macro-Financial Determinants and Spatial Effects on European Private Health Insurance MarketsGabriela Mihaela Mureșan0https://orcid.org/0000-0001-6715-7406 Cristian Mihai Dragoș1Codruța Mare2https://orcid.org/0000-0002-4920-7462Simona Laura Dragoș 3https://orcid.org/0000-0002-3037-3401Alexandra Pintea4Babeș-Bolyai University, Cluj-Napoca, RomaniaBabeș-Bolyai University, Cluj-Napoca, RomaniaBabeș-Bolyai University, Cluj-Napoca, RomaniaBabes-Bolyai University, Cluj-Napoca, Romania Babes-Bolyai University, Cluj-Napoca, Romania 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.https://www.amfiteatrueconomic.ro/temp/Article_2994.pdfprivate health insurancewhite olsspatial econometricsspatial contagionclusterization |
| spellingShingle | Gabriela Mihaela Mureșan Cristian Mihai Dragoș Codruța Mare Simona Laura Dragoș Alexandra Pintea Socio-Economic and Macro-Financial Determinants and Spatial Effects on European Private Health Insurance Markets Amfiteatru Economic private health insurance white ols spatial econometrics spatial contagion clusterization |
| title | Socio-Economic and Macro-Financial Determinants and Spatial Effects on European Private Health Insurance Markets |
| title_full | Socio-Economic and Macro-Financial Determinants and Spatial Effects on European Private Health Insurance Markets |
| title_fullStr | Socio-Economic and Macro-Financial Determinants and Spatial Effects on European Private Health Insurance Markets |
| title_full_unstemmed | Socio-Economic and Macro-Financial Determinants and Spatial Effects on European Private Health Insurance Markets |
| title_short | Socio-Economic and Macro-Financial Determinants and Spatial Effects on European Private Health Insurance Markets |
| title_sort | socio economic and macro financial determinants and spatial effects on european private health insurance markets |
| topic | private health insurance white ols spatial econometrics spatial contagion clusterization |
| url | https://www.amfiteatrueconomic.ro/temp/Article_2994.pdf |
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