Can insurance ensure economic growth in an emerging economy? Fresh evidence from a non-linear ARDL approach
Quang Thien Tran,
Nhan Huynh
Abstract:Purpose
This study aims to explore the nexus between insurance penetration and economic development in Vietnam, one of the fastest-growing economies over the past two decades.
Design/methodology/approach
This study uses an updated data set of the insurance sector in Vietnam from 1996 to 2020. The autoregressive lagging distribution and cointegrating non-linear autoregressive lagging distribution (NARDL) models are used to explore the nexus between the insurance market development and economic growth.
Findi… Show more
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