Izvorni znanstveni članak
https://doi.org/10.1080/1331677X.2020.1722954
Insurance-growth nexus: a comparative analysis with multiple insurance proxies
Sajid Mohy Ul Din
Angappan Regupathi
Arpah Abu-Bakar
Chee-Chee Lim
Zeeshan Ahmed
Sažetak
Previous studies found inconsistent results for insurance-growth
nexus. The aim of this study is to examine the relationships
between life and non-life insurance with economic growth. The
study applies pooled mean group method to examine long-term
and short-term insurance-growth nexus over the period of 1980 to
2015. The findings of the study show that there exists a positive
and significant relationship between life insurance and economic
growth in the long-term and short-term for all selected countries,
except when insurance penetration is used as a proxy. However, a
positive and significant relationship was observed for non-life
insurance and economic growth for all four proxies in the longterm
and short-term. The relationship between insurance and economic
growth is found to be different across countries and across
proxies because of diverse factors such as diversity and variety of
insurance products, religious and cultural traditions, level of education,
and State involvement, not covered in this research.
Ključne riječi
Life insurance; non-life insurance; insurance penetration; insurance density; economic growth
Hrčak ID:
254408
URI
Datum izdavanja:
9.2.2021.
Posjeta: 744 *