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Identification of Demand Factors for Life Insurance and Savings Deposits Using Nonlinear ARDL Framework: Korea and Japan

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Applied Analysis of Growth, Trade, and Public Policy

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Abstract

In recent years, the global economy has been faced with high volatility since the 2008 global financial crisis. For this reason, it is difficult to predict the prospects of each specific industry especially in the area of financial sector. In particular, global insurance industry responds sensitively to the highly volatile global economy coupled with low economic growth and low inflation rates, and near-zero interest rates.

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Notes

  1. 1.

    Shin et al. (2014), pp.7 – 15.

  2. 2.

    The NP series for Japan were used from April 2011 to September 2017. Therefore, this model represents the estimating unbalanced data set.

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Author information

Authors and Affiliations

  1. Pusan National University, Busan, South Korea

    Eun-Yub Park & Young-Jae Kim

Authors
  1. Eun-Yub Park
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  2. Young-Jae Kim
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Corresponding author

Correspondence to Eun-Yub Park .

Editor information

Editors and Affiliations

  1. Faculty of Economics, Kumamoto Gakuen University, Kumamoto, Japan

    Moriki Hosoe

  2. Chonnan National University, Gwangju, Korea (Republic of)

    Iltae Kim

  3. Faculty of Economics, Chuo University, Hachioji, Tokyo, Japan

    Masahiro Yabuta

  4. Keimyung University, Daegu, Korea (Republic of)

    Woohyung Lee

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Park, EY., Kim, YJ. (2018). Identification of Demand Factors for Life Insurance and Savings Deposits Using Nonlinear ARDL Framework: Korea and Japan. In: Hosoe, M., Kim, I., Yabuta, M., Lee, W. (eds) Applied Analysis of Growth, Trade, and Public Policy. Springer, Singapore. https://doi.org/10.1007/978-981-13-1876-4_4

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  • DOI: https://doi.org/10.1007/978-981-13-1876-4_4

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  • Publisher Name: Springer, Singapore

  • Print ISBN: 978-981-13-1875-7

  • Online ISBN: 978-981-13-1876-4

  • eBook Packages: Economics and FinanceEconomics and Finance (R0)

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