JOURNAL ARTICLE

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

  • Published In: Singapore Economic Review, 2024, v. 69, n. 2. P. 637 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: KUMAR, SIDDHARTH; SAHU, NARESH CHANDRA; KUMAR, PUSHP 3 of 3

Abstract

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. [ABSTRACT FROM AUTHOR]

Additional Information

  • Source:Singapore Economic Review. 2024/03, Vol. 69, Issue 2, p637
  • Document Type:Article
  • Subject Area:Economics
  • Publication Date:2024
  • ISSN:0217-5908
  • DOI:10.1142/S0217590821410095
  • Accession Number:177433327
  • Copyright Statement:Copyright of Singapore Economic Review is the property of World Scientific Publishing Company and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

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