| Summary: | 碩士 === 國立高雄第一科技大學 === 風險管理與保險系碩士班 === 105 === This paper applies the panel regressions of life insurance premiums and unemployment rate and gross domestic product (GDP) for 19 countries from 2007 through 2015. First, we apply the Levin, Lin and Chu (LLC) test developed by Levin et al. (2002). Our empirical results reveal that the variables are a mixture of I(0) and I(1); second, we use the Hausman specification test developed by Hausman, J. A. (1978), and the results reveal that we should choose the random model; finally, the panel regressions results indicate that if the gross domestic product (GDP) raises then the life insurance premiums will increase,and if the unemployment raises then the life insurance premiums will decrease.
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