The effect of private investment, exports, imports, inflation and GDP on per capita premium: Evidence from members of OPEC countries

Abedini, R.; Darabi, R.

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Management Science Letters

ISSN 1923-9343 (Online) - ISSN 1923-9335 (Print) Quarterly Publication Volume 5 Issue 7 pp. 657-662 , 2015

The effect of private investment, exports, imports, inflation and GDP on per capita premium: Evidence from members of OPEC countries Pages 657-662 Download PDF

Authors: Reza Abedini, Roya Darabi

DOI: 10.5267/j.msl.2015.5.008

Keywords: Export value, GDP, Import value, Inflation, Insurance per capita, OPEC countries, Private sector investment

Abstract: In this study, we examine the relationship between GDP, export, import, private sector investment and inflation on insurance per capita of OPEC countries. Insurance is a non-banking institution that by making sure and secure, can make and develop manufacturing and service rendering easier. Insurance companies can make financial steady and reduce stress. So, it plays essential role in economy. For this aim, data over the period 2003-2011 is collected. We use regression and SPSS software for analysis. Results for 80 year – country show that there was a positive and significant correlation between GDP, export, import, inflation and insurance per capita, which shows whenever productivity increases, insurance increases too. Results also show that there was a positive relationship between import and insurance per capita. In addition, results show that there was a positive and significant relationship between inflation and dependent variable. However, there was no significant relationship between exports and insurance per capita. The results show that there was no significant relationship between GDP and insurance per capita and finally, there was a non-significant and negative relationship between private sector investment and insurance per capita.

How to cite this paper

 Abedini, R & Darabi, R. (2015). The effect of private investment, exports, imports, inflation and GDP on per capita premium: Evidence from members of OPEC countries.Management Science Letters , 5(7), 657-662.

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