Foreign-owned property-liability insurers have increased their market share in the US in the recent decades. They may have achieved this by being more efficient, by undercutting prices to attract away business from their domestic rivals, or both. We investigate return, risk, efficiency and...

In this study the interdependence between Iran, its major trading partners and the United States is investigated using vector autoregression, generalized impulse response function and generalized variance decomposition techniques, introduced by Pesaran and Shin (1998). These techniques have an...