Unpacking the Role of Socioeconomic Factors in Insurance Inclusion: Evidence from The E-7 Countries
| Title: | Unpacking the Role of Socioeconomic Factors in Insurance Inclusion: Evidence from The E-7 Countries |
|---|---|
| Authors: | Berna Doğan Başar, İbrahim Halil Ekşi, Emrah Doğan |
| Source: | Selçuk Üniversitesi Sosyal Bilimler Meslek Yüksekokulu Dergisi, Vol 26, Iss 2, Pp 436-450 (2023) |
| Publisher Information: | Selcuk University Press, 2023. |
| Publication Year: | 2023 |
| Collection: | LCC:Finance LCC:Business |
| Subject Terms: | sigorta kapsama, ekonomik faktörler, panel veri analizi, e-7 ülkeleri, insurance inclusion, economic factors, panel data analysis, e-7 countries, Finance, HG1-9999, Business, HF5001-6182 |
| More Details: | In this study, the socioeconomic factors determining the insurance inclusion variable, constructed using principal component analysis, were tested using the Parks-Kmenta estimator and quantile regression for the E7 countries. In this context, the data used in the study were obtained between 2004 and 2017, depending on the accessibility of the variables. The empirical results show that while inclusion in the insurance sector is positively influenced by macroeconomic factors such as economic growth, sustainable development, urbanization, and public expenditure variables, it is negatively affected by risk components such as global uncertainty and political risk. Thus, the results suggest that socioeconomic factors significantly influence involvement in the insurance sector. In addition, thanks to financial inclusion, the revival of E7 countries will be ensured, and the growth of the economies of these countries will accelerate. |
| Document Type: | article |
| File Description: | electronic resource |
| Language: | English Turkish |
| ISSN: | 2564-7458 17326974 |
| Relation: | https://dergipark.org.tr/tr/download/article-file/3330989; https://doaj.org/toc/2564-7458 |
| DOI: | 10.29249/selcuksbmyd.1342860 |
| Access URL: | https://doaj.org/article/0102a173269744659e85c2cd3cd17305 |
| Accession Number: | edsdoj.0102a173269744659e85c2cd3cd17305 |
| Database: | Directory of Open Access Journals |
| ISSN: | 25647458 17326974 |
|---|---|
| DOI: | 10.29249/selcuksbmyd.1342860 |
| Published in: | Selçuk Üniversitesi Sosyal Bilimler Meslek Yüksekokulu Dergisi |
| Language: | English Turkish |