INSURANCE CONSUMPTION AND ECONOMIC POLICY UNCERTAINTY IN INDIA: AN ANALYSIS OF ASYMMETRIC EFFECTS

被引：0
|
作者：
Kumar, Siddharth [1 ]
Sahu, Naresh Chandra [1 ]
Kumar, Pushp [1 ]
机构：
[1] Indian Inst Technol Bhubaneswar, Khordha 752050, Odisha, India
来源：
SINGAPORE ECONOMIC REVIEW | 2024年 / 69卷 / 02期
关键词：
Life insurance consumption; non-life insurance consumption; EPU; NARDL; OIL-PRICE SHOCK; LIFE-INSURANCE; POLITICAL UNCERTAINTY; FINANCIAL MARKET; STOCK-MARKET; GREAT CRASH; COVID-19; GROWTH; DETERMINANTS; INFLATION;
D O I：
10.1142/S0217590821410095
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This study examines the asymmetric effect of economic policy uncertainty (EPU) on life and non-life insurance consumption in India using monthly data from April 2004-October 2020. The paper has employed a nonlinear autoregressive distributed lag (NARDL) model with a structural break. The results reveal that there exists an asymmetric effect of EPU on life insurance as well as non-life life insurance consumption. A negative relationship is found between EPU and insurance consumption in both life and non-life insurance. Based on the findings, the study suggests the policymakers to consider the asymmetric effects of EPU while formulating insurance-related policies in India.
引用
收藏
页码：637 / 665
页数：29
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