Unpacking the Role of Socioeconomic Factors in Insurance Inclusion: Evidence from The E-7 Countries
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...
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| Format: | Article |
| Language: | English |
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Selcuk University Press
2023-11-01
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| Series: | Selçuk Üniversitesi Sosyal Bilimler Meslek Yüksekokulu Dergisi |
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| Online Access: | https://dergipark.org.tr/tr/download/article-file/3330989 |
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| author | Berna Doğan Başar İbrahim Halil Ekşi Emrah Doğan |
| author_facet | Berna Doğan Başar İbrahim Halil Ekşi Emrah Doğan |
| author_sort | Berna Doğan Başar |
| collection | DOAJ |
| description | 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. |
| format | Article |
| id | doaj-art-0102a173269744659e85c2cd3cd17305 |
| institution | Kabale University |
| issn | 2564-7458 |
| language | English |
| publishDate | 2023-11-01 |
| publisher | Selcuk University Press |
| record_format | Article |
| series | Selçuk Üniversitesi Sosyal Bilimler Meslek Yüksekokulu Dergisi |
| spelling | doaj-art-0102a173269744659e85c2cd3cd173052025-01-03T00:46:53ZengSelcuk University PressSelçuk Üniversitesi Sosyal Bilimler Meslek Yüksekokulu Dergisi2564-74582023-11-0126243645010.29249/selcuksbmyd.1342860154Unpacking the Role of Socioeconomic Factors in Insurance Inclusion: Evidence from The E-7 CountriesBerna Doğan Başar0İbrahim Halil Ekşi1Emrah Doğan2GAZİANTEP ÜNİVERSİTESİ, İKTİSADİ VE İDARİ BİLİMLER FAKÜLTESİGAZİANTEP ÜNİVERSİTESİİSTANBUL GELİŞİM ÜNİVERSİTESİIn 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.https://dergipark.org.tr/tr/download/article-file/3330989sigorta kapsamaekonomik faktörlerpanel veri analizie-7 ülkeleriinsurance inclusioneconomic factorspanel data analysise-7 countries |
| spellingShingle | Berna Doğan Başar İbrahim Halil Ekşi Emrah Doğan Unpacking the Role of Socioeconomic Factors in Insurance Inclusion: Evidence from The E-7 Countries Selçuk Üniversitesi Sosyal Bilimler Meslek Yüksekokulu Dergisi sigorta kapsama ekonomik faktörler panel veri analizi e-7 ülkeleri insurance inclusion economic factors panel data analysis e-7 countries |
| title | Unpacking the Role of Socioeconomic Factors in Insurance Inclusion: Evidence from The E-7 Countries |
| title_full | Unpacking the Role of Socioeconomic Factors in Insurance Inclusion: Evidence from The E-7 Countries |
| title_fullStr | Unpacking the Role of Socioeconomic Factors in Insurance Inclusion: Evidence from The E-7 Countries |
| title_full_unstemmed | Unpacking the Role of Socioeconomic Factors in Insurance Inclusion: Evidence from The E-7 Countries |
| title_short | Unpacking the Role of Socioeconomic Factors in Insurance Inclusion: Evidence from The E-7 Countries |
| title_sort | unpacking the role of socioeconomic factors in insurance inclusion evidence from the e 7 countries |
| topic | sigorta kapsama ekonomik faktörler panel veri analizi e-7 ülkeleri insurance inclusion economic factors panel data analysis e-7 countries |
| url | https://dergipark.org.tr/tr/download/article-file/3330989 |
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