Does Insurance Market Activity Promote Economic Growth is popular PDF and ePub book, written by Marco Arena in 2006, it is a fantastic choice for those who relish reading online the Developing countries genre. Let's immerse ourselves in this engaging Developing countries book by exploring the summary and details provided below. Remember, Does Insurance Market Activity Promote Economic Growth can be Read Online from any device for your convenience.
Does Insurance Market Activity Promote Economic Growth Book PDF Summary
Insurance market activity, both as a financial intermediary and a provider of risk transfer and indemnification, may contribute to economic growth by allowing different risks to be managed more efficiently and by mobilizing domestic savings. During the past decade, there has been faster growth in insurance market activity, particularly in emerging markets given the process of liberalization and financial integration, which raises questions about its impact on economic growth. The author tests whether there is a causal relationship between insurance market activity (life and nonlife insurance) and economic growth. Using the generalized method of moments for dynamic models of panel data for 56 countries and for the 1976-2004 period, he finds robust evidence of a causal relationship between insurance market activity and economic growth. Both life and nonlife insurance have a positive and significant causal effect on economic growth. High-income countries drive the results in the case of life insurance. On the other hand, both high-income and developing countries drive the results in the case of nonlife insurance.
Detail Book of Does Insurance Market Activity Promote Economic Growth PDF
- Author : Marco Arena
- Release : 02 July 2024
- Publisher : Unknown
- ISBN : UCSD:31822035390731
- Genre : Developing countries
- Total Page : 28 pages
- Language : English
- PDF File Size : 11,6 Mb
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