Econometric Systems of Simultaneous Equations in Life Insurance

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216208%3A11320%2F11%3A10101055" target="_blank" >RIV/00216208:11320/11:10101055 - isvavai.cz</a>
Result on the web
—
DOI - Digital Object Identifier
—

Result language
angličtina
Original language name
Econometric Systems of Simultaneous Equations in Life Insurance
Original language description
In the present article, we deal with econometric systems of (linear) simultaneous equations. We apply this approach to a dynamic model of relevant relationships within a life insurance company. Concretely, we focus our attention on an econometric analysis of financial flows in a life insurance company operating in the Czech market. We assemble the linear econometric model and estimate its parameters using the usual three-stage least squares method. Selected results will be interpreted from the economicpoint of view. In this context, we also show a possibility of a residual bootstrap procedure which can be very useful here. For example, we construct bootstrap confidence intervals because in this specific situation (we operate with only a short data range) we cannot rely on the classical approximations by the normal distribution.
Czech name
—
Czech description
—

Publication year
2011
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
Proceedings of the 29th International Conference on Mathematical Methods in Economics 2011
ISBN
978-80-7431-058-4
ISSN
—
e-ISSN
—
Number of pages
6
Pages from-to
236-241
Publisher name
Professional Publishing
Place of publication
Praha
Event location
Janská Dolina, Slovakia
Event date
Sep 6, 2011
Type of event by nationality
EUR - Evropská akce
UT code for WoS article
—

Similar results(10)