Does Insurance Development Promote Economic Growth? Evidence from India

2016 ◽  
Author(s):  
Monika Chopra, CFA
Keyword(s):  
Economic Growth ◽  
Insurance Development

scholarly journals A σ-Convergence Model for Analyzing the Balance of Insurance Industry in China

2021 ◽  
Vol 2021 ◽  
pp. 1-8
Author(s):  
Zeyun Yang ◽  
Wendong Xiao ◽  
Qiaoling Fu
Keyword(s):  
Economic Growth ◽  
Labor Force ◽  
Spatial Correlation ◽  
Regional Differences ◽  
Insurance Industry ◽  
Balanced Development ◽  
Empirical Results ◽  
Growth Convergence ◽  
Convergence Model ◽  
Insurance Development

There are significant regional differences in the development of China’s insurance industry. An important question is that such regional differences are expanding or shrinking? Based on Barrow’s economic growth convergence model, this paper uses the σ convergence model to analyze the differences in the development of China’s insurance industry and its trends. It draws on the statistics data from 1990 to 2020. The empirical results show that the convergence of China’s insurance development is not obvious before 2006, but it shows a significant convergence after 2006. And, there are some differences between the Eastern, the Central, and the Western. Furthermore, when considering the spatial correlation, the convergence of insurance development among provinces in China is more obvious. This shows that the flowing of capital, technology, and labor force between regions may be beneficial to the balanced development of insurance among the regions.

The Dynamics of Insurance Development and Economic Growth in Nigeria

2017 ◽  
Vol 65 (1-4) ◽  
pp. 37-44
Author(s):  
Philip Ifeakachukwu Nwosa ◽  
Zainab Bolanle Mustapha
Keyword(s):  
Economic Growth ◽  
Insurance Industry ◽  
Ordinary Least Squares ◽  
Jel Classification ◽  
Regression Estimate ◽  
Insurance Sector ◽  
The Government ◽  
Causal Nexus ◽  
The Impact ◽  
Insurance Development

This study examined the dynamics of insurance development and economic growth in Nigeria for the period 1996–2014. Specifically, the study addressed two important issues: the impact of insurance development on economic growth and the causal nexus between insurance development and economic growth. The study utilised two techniques: ordinary least squares (OLS) and causality. The OLS regression estimate revealed that insurance development had an insignificant effect on economic growth, while the causality estimate showed a one-way causation from economic growth to insurance development. The study recommended that the government should put in place appropriate policies and regulations which would bring about sound development of the insurance sector. This would enhance the contribution of the insurance industry to the growth of the Nigerian economy. JEL Classification: E44, G22, O40

scholarly journals Insurance Development and Economic Growth

2010 ◽  
Vol 35 (2) ◽  
pp. 183-199 ◽  
Author(s):  
Liyan Han ◽  
Donghui Li ◽  
Fariborz Moshirian ◽  
Yanhui Tian
Keyword(s):  
Economic Growth ◽  
Insurance Development

Economic growth and insurance development: The role of institutional environments

2016 ◽  
Vol 59 ◽  
pp. 361-369 ◽  
Author(s):  
Chien-Chiang Lee ◽  
Chi-Hung Chang ◽  
Mohamed Arouri ◽  
Chi-Chuan Lee
Keyword(s):  
Economic Growth ◽  
Institutional Environments ◽  
Insurance Development

scholarly journals The Influence of Insurance Market on the Economic Development of Ukraine

2018 ◽  
Vol 1 (17) ◽  
pp. 37-47
Author(s):  
Liudmyla Rybalchenko
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Production Function ◽  
Growth Rates ◽  
Insurance Market ◽  
Level Of Economic Development ◽  
Economic Growth Rates ◽  
Insurance Development

The level of economic development and the economic growth rates in Ukraine are very uneven. On the basement of production function were analyzed the factors of economic development in Ukraine. The influence of the level of the insurance development on its economic growth was considered.

scholarly journals LIFE INSURANCE DEVELOPMENT AND ECONOMIC GROWTH: EVIDENCE FROM DEVELOPING COUNTRIES

2018 ◽  
Vol 43 (2) ◽  
pp. 1-28
Author(s):  
RELWENDÉ SAWADOGO ◽  
IDRISSA M. OUEDRAOGO ◽  
SAMUEL GUERINEAU
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
Life Insurance ◽  
Insurance Development
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