Cost efficiency and convergence in the European nonlife insurance industry
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This paper is an effort to see how the crisis affected the level of efficiency and the process of insurance integration in the European Union. It uses Stochastic Frontier Analysis to estimate cost efficiency for a sample of 947 nonlife insurance firms operating in 24 European countries for the period 2006- 2014. In a second stage a two-step system Generalized Method of Moments (GMM) is used to examine cost efficiency convergence by looking at β-convergence and σconvergence criteria.
Nội dung trích xuất từ tài liệu:
Cost efficiency and convergence in the European nonlife insurance industry
Nội dung trích xuất từ tài liệu:
Cost efficiency and convergence in the European nonlife insurance industry
Tìm kiếm theo từ khóa liên quan:
Cost efficiency β-convergence European Union Nonlife insurance Stochastic frontier analysis European nonlife insurance industryGợi ý tài liệu liên quan:
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