Does insurance‐growth nexus hold for Malaysia?

Abstract

The study investigates the impact of insurance activities on economic growth in Malaysia over the period 1990–2015. Combined cointegration in the presence of identified structural breaks was used to confirm the existence of long‐run relationships among economic growth, insurance activities, human capital, physical capital, and industrial production. The findings indicate feedback effects between insurance activities and economic growth in the long run. The study provides new insights for policymaking to enhance economic growth via insurance activities.

Life Insurance Development and Economic Growth: A Case Study of Nigeria (2000-2022)

“…With all these challenges identified, one of the crucial ways of ascertaining This study also recognised that the majority of studies had been focused on the gross domestic product as a measure of economic growth (e.g. Adetunji et al, 2018;Zaheer et al, 2019) describe it as a consistent process that has to do with the rising output of the economy's products and services. Most economic growth is significant when there is an increase in the rate at which some sectors of the economy engage in the strategy, bringing returns and value to the nation and its entire community (Fadun, 2021;Kimaro et al, 2017).…”

“…In literature, economic growth is commonly measured quantitatively with either the gross domestic product or the GDP per capita (e.g. Mohammad & Khatid, 2023;Fadun, 2021;Kaya & Beser, 2020;Zaheer et al, 2019;Etale, 2019). The gross domestic product is the value of goods and services generated in a nation in a given year (Oluwaleye, 2023).…”