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Impact analysis of macro-economic factors on non-life insurance sector in India.
- Source :
- International Journal of Financial Engineering; Sep2022, Vol. 9 Issue 3, p1-24, 24p
- Publication Year :
- 2022
-
Abstract
- The development of global economy has pushed up the importance of insurance industry in the growth of an economy. This paper intends to study the non-life insurance sector with an objective to identify the macro-economic factors that influence its growth. Time series data of 37 years is considered using Johansen & Engle Granger Cointegration and Ordinary Least Square method. It was found that Final Consumption Expenditure plays a negatively significant role in influencing non-life insurance sector in India. The practical implication of this study lies in controlling the responsible factors through appropriate policy measures to ensure a sustainable growth of the non-life Insurance sector. [ABSTRACT FROM AUTHOR]
- Subjects :
- FACTOR analysis
LEAST squares
CONSUMPTION (Economics)
INSURANCE companies
INSURANCE
Subjects
Details
- Language :
- English
- ISSN :
- 24247863
- Volume :
- 9
- Issue :
- 3
- Database :
- Complementary Index
- Journal :
- International Journal of Financial Engineering
- Publication Type :
- Academic Journal
- Accession number :
- 159193440
- Full Text :
- https://doi.org/10.1142/S2424786322500116