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Insurance demand and country risks: A nonlinear panel data analysis

โœ Scribed by Lee, Chien-Chiang; Chiu, Yi-Bin; Chang, Chi-Hung

Book ID
121709659
Publisher
Elsevier Science
Year
2013
Tongue
English
Weight
260 KB
Volume
36
Category
Article
ISSN
0261-5606

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## Abstract We examine demand behaviour for intertemporal dependencies, using Spanish panel data. We present evidence that there is both state dependence and correlated heterogeneity in demand behaviour. Our specific findings are that food outside the home, alcohol and tobacco are habit forming, wh