ESTIMATION OF LIFE ASSURANCE DEMAND FUNCTION IN IRAN AND OTHER OIL EXPORTING COUNTRIES

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MEHRARA M.; AZAM RAJABIAN M.

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Journal: Journal of Economic Research Year:2006 | Volume:- | Issue:74 Page(s): 57-81

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Title

ESTIMATION OF LIFE ASSURANCE DEMAND FUNCTION IN IRAN AND OTHER OIL EXPORTING COUNTRIES

Author(s)

MEHRARA M. | AZAM RAJABIAN M. | Issue Writer Certificate

Keywords

LIFE INSURANCEQ2

PANEL DATAQ3

OIL-EXPORTING COUNTRIESQ3

ARDL MODELQ2

IRANIAN ECONOMYQ2

Abstract

In this paper we estimate the demand function for LIFE INSURANCE in Iran for the years 1345-1382 as well as OIL-EXPORTING COUNTRIES with middle income during 1998- 2002 by using the ARDL approach and PANEL DATA respectively. The results show that the income, size of family and education are the most important factors that affect the demand for life assurance in Iran. Moreover income and death probability of family head are the most determinant factors in the demand function for life assurance in oil exporting countries with middle income. Over all,the results implies the institutional and technical capacities, particularly in supply side, are the most important factors in LIFE INSURANCE development in Iran and other oil-producing countries and standard model based on demand-side factors cannot explain LIFE INSURANCE behavior satisfactorily.

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APA: Copy

MEHRARA, M., & AZAM RAJABIAN, M.. (2006). ESTIMATION OF LIFE ASSURANCE DEMAND FUNCTION IN IRAN AND OTHER OIL EXPORTING COUNTRIES. TAHGHIGHAT-E-EGHTESADI, -(74), 57-81. SID. https://sid.ir/paper/11676/en

Vancouver: Copy

MEHRARA M., AZAM RAJABIAN M.. ESTIMATION OF LIFE ASSURANCE DEMAND FUNCTION IN IRAN AND OTHER OIL EXPORTING COUNTRIES. TAHGHIGHAT-E-EGHTESADI[Internet]. 2006;-(74):57-81. Available from: https://sid.ir/paper/11676/en

IEEE: Copy

M. MEHRARA, and M. AZAM RAJABIAN, “ESTIMATION OF LIFE ASSURANCE DEMAND FUNCTION IN IRAN AND OTHER OIL EXPORTING COUNTRIES,” TAHGHIGHAT-E-EGHTESADI, vol. -, no. 74, pp. 57–81, 2006, [Online]. Available: https://sid.ir/paper/11676/en

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