Document Type : Original Research Paper
Authors
1 Department of Economics, Urmia University, West Azarbaijan, Iran
2 Club of Young and Elite Researchers, Islamic Azad University, Tabriz Branch, East Azarbaijan, Iran
3 Department of Economics, Tabriz University, East Azarbaijan, Iran
Abstract
In today's world, life insurance is one of the most important economic tools and it has many uses, and it plays the most important role in providing and guaranteeing the future of families. In this regard, the aim of the present study is to investigate the threshold effect of the real GDP on the per capita life insurance premium of Iran during the years 1360-1394 and using the non-linear approach of soft transfer regression. The results of the research indicate that the third break of the real GDP in the form of a three-regime structure has affected the per capita life insurance premium. Also, the real GDP has had a negative effect on the per capita life insurance in the marginal regimes and a positive effect in the middle regime. Other results of the study indicate that the savings rate variables and the financial development index in the marginal and middle regimes have led to an improvement in the per capita life insurance premium.
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