From: Insurance market density and economic growth in Eurozone countries: the granger causality approach
Variables | Definition |
---|---|
LID | Life insurance 28 density: It is the direct domestic life premiums per capita (in US Dollars). |
NID | Non-life insurance 29 density: It is the direct domestic non-life premiums per capita (in US Dollars). |
TID | Total insurance density: It is the direct domestic premiums, both life and non-life per capita (in US Dollars). |
GDP | Economic growth: It is the per capita gross domestic product (in US Dollars). |
LIL | Liquid liabilities: It is the ratio of liquid liabilities (broad money supply) to gross domestic product. |
PCO | Private credit: It is the private credit by deposit money banks and other financial institutions to gross domestic product. |
GCE | Government consumption expenditure: It is the government consumption expenditure as a percentage of gross domestic product. |
YDP | Young dependency population: It is the ratio of younger dependents-people younger than 15Â years- to the working-age population. |