Analyze stationarity of property insurance premium: A panel data analysis

• Main Authors: Jau-Nan Chen, 陳昭男
• Other Authors: Chien-Chiang Li
• Format: Others
• Language: zh-TW
• Online Access: http://ndltd.ncl.edu.tw/handle/3frxg8

碩士 === 國立中興大學 === 應用經濟學系所 === 97 === This paper examines the stationary characteristics and structure changes for property insurance premium among forty countries . First we establish annual panel data, next we uses panel data unit-root test to examine the stationary characteristic of property insurance premium. Third, we consider the structure changes that we didn’t know the happened time, then we estimate the happened time of structure change, and we determine that had structure change whether have unit-root or not. Fourth, if the structure changes exists, we explore the shock to property insurance premium is temporary or permanent. Fifth, we discriminate countries between different area , different economic development degree and different inflation rate, we discuss these factor whether will influence the reason of structure change. Empirical results points out the global property insurance premium is non-stationary before considering a structure change, but joining didn’t. This shows structure changes will influence empirical results. We proposes three reason affecting the structure changes, such as region, income and inflation rate. Next we take with the four area (Africa, America, Asia and Europe), income degrees, inflation degrees make a data classification and make the research of the empirical results respectively, the CBL tests show America area, not-high income countries and high inflation countries show non-stationary, others are stationary. The result indicate area, income and inflations will influence the reason of the structure change.We finally find out each country date of structure changes and the event of structure change.