Econometric Assessment of Factors Affecting the Development of Life Insurance in Uzbekistan

This article presents an econometric assessment of the role of the insurance industry in the economy of Uzbekistan and the factors influencing the development of life insurance. It also covers the scientific theoretical research of scientists studying the economics of insurance. In addition, the development of accumulative life insurance in Uzbekistan was econometrically analyzed and Uzbekinvest Life Insurance Company was selected as a sample from the package. The econometric analysis of the development of insurance activities of the insurance company "Uzbekinvest Life" identifies the main factors influencing its development. Factors influencing the development of Uzbekinvest Life insurance company through econometric models were assessed. In addition, proposals were made for the development of funded life insurance in Uzbekistan.

Britain’s Empire Marketing Board and the failure of soft trade policy, 1926–33

Before 1932, Britain’s essentially free-trade policy left barely any scope for reciprocating the preferential tariffs that the Dominions applied to Britain’s exports. Thus, Britain attempted to reciprocate by means of a “soft” trade policy aimed at increasing Britain’s imports from the empire through wide-reaching publicity coordinated by the Empire Marketing Board (EMB). This article, the first econometric assessment of the EMB, argues that there was not a differential increase in the volume of those imports advertised by the EMB. Principal arguments for this failure are that British consumers were frequently unaware of the geographic origin of many commodities and that they tended to identify company brand more than country of origin.

Econometric Assessment of the Impact of the Buyer Company’s Financial Position on the M&A Effectiveness (in the Pharmaceutical Industry)

This article provides the assessment of the impact of the buyer company’s financial position on the M&A effectiveness on the base of the pharmaceutical industry. We have estimated this correlation using OLS method and data for the period from 2005 to 2017. As a result, the hypothesis about the dependence of the M&A efficiency from the buyer company’s financial state has been confirmed. The developed econometric model have showed that more than 80% of variation of the cumulative abnormal return, received as a result of the transaction, is explained by growth rates of revenues and net profit, assets, current liquidity, autonomy and financial leverage, return of sales and assets at the transaction time.

Measuring the strength of market selection in Russia: When the (firm) size matters

In this study, we evaluate the effectiveness of market selection based on data of Russian manufacturing firms from 2006 to 2017 and compare our results with those for foreign countries. To do this, we decompose the labor productivity at the industry level to determine the contribution from the redistribution of market shares from less to more productive companies. We also conduct a direct econometric assessment of the relationship between firm productivity and revenue growth. The results obtained indicate a moderate role of market selection in Russia. If we measure the firm productivity by estimating the value added per employee (labour productivity), then estimates for Russia are lower than for other OECD countries, while estimates based on total factor productivity are generally comparable. We also find that the role of market selection is higher for small and medium-sized enterprizes, which indicates the need to stimulate competition especially among large firms.