The dynamics of insurance sector development, banking sector development and economic growth: Evidence from G-20 countries

Pradhan, Rudra P.; Bahmani, Sahar; Kiran, Marepalli Uday

doi:10.1016/j.gemrev.2015.05.001

Cited by 16 publications

(16 citation statements)

References 47 publications

(47 reference statements)

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Long‐run results are presented in Table . The findings show that insurance activity has positive and significant impacts on economic growth in the long run, in line with findings of studies such as Haiss and Sümegi (), Nejad and Kermani (), Alhassan and Fiador (), and Pradhan et al (). Also, human capital and industrial growth have positive and significant impacts on economic growth in the long run.…”

Section: Analysis and Results Interpretationsupporting

confidence: 91%

See 1 more Smart Citation

Does insurance‐growth nexus hold for Malaysia?

Anwer

Ahad

Imran

2019

Asian-Pac Economic Lit

View full text Add to dashboard Cite

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.

show abstract

Section: Analysis and Results Interpretationsupporting

confidence: 91%

“…They observed a unidirectional causality running from aggregate insurance penetration and life and non‐life insurance penetration to economic growth. Recent studies such as Pradhan et al (), Khurshed and Ghosh (), and Pradhan et al () substantiated these findings.…”

Section: Literature Reviewmentioning

confidence: 78%

Does insurance‐growth nexus hold for Malaysia?

Anwer

Ahad

Imran

2019

Asian-Pac Economic Lit

View full text Add to dashboard Cite

show abstract

“…Therefore, the inclusion of financial depth of a nation is an equally important consideration for research (see, inter alia, Enz 2000). 6 Exceptions are Pradhan et al 2014;Hassan et al 2011;and Andersson et al 2010 (see , Table 8 for more details). 7 Both life and non-life insurance activities promote economic growth in their own way.…”

Section: Discussionmentioning

confidence: 99%

“…The studies supporting FBH are Alhassan and Biekpe (2016), Chang et al (2014), Pradhan et al (2014Pradhan et al ( , 2015aPradhan et al ( , 2015b, Guochen and Wei (2012), Kugler and Ofoghi (2005), Ward and Zurbruegg (2000), and Beck and Webb (2003).…”

Section: Insurance Market Activities and Economic Growth: The Theoretmentioning

confidence: 96%

“…This study adds to the scant literature on the insurancegrowth nexus by finding an answer to the question, "Are insurance market activities in Eurozone countries "supply-leading," "demand-following," or "feedback?"" An outline of insurance market density in the Eurozone countries As emphasized above, insurance market activities and economic growth are broadly inter-related, in the process of economic development (Pradhan et al, 2014). There are two diverse ways to address the relationship between insurance market activities and economic growth.…”

Section: Insurance Market Activities and Economic Growth: The Theoretmentioning

confidence: 99%

See 1 more Smart Citation

Insurance market density and economic growth in Eurozone countries: the granger causality approach

et al. 2017

View full text Add to dashboard Cite

Background: This study examines the relationship between insurance market density (IMD) and economic growth. Methods: We employed Granger causality technique in 19 Eurozone countries for the period 1980-2014. We use three different indicators of IMD, namely life insurance density, non-life insurance density, and total insurance density. We particularly emphasize on whether Granger causality runs between IMD and economic growth both ways, one way, or not at all.

show abstract

The effect of geopolitical risks on insurance premiums

Olasehinde‐Williams

Balcılar

2020

Journal of Public Affairs

View full text Add to dashboard Cite

This article deals with the estimation of the risk-insurance nexus. We specifically examined the effect of geopolitical risk on insurance premium in a panel of 18 countries, while controlling for the effect of real income. Second-generation econometric methods were employed for this purpose, and the results provided strong evidence of a positive impact on insurance premiums by geopolitical risks. We specifically found that the impact of geopolitical risks on nonlife insurance premium is higher than the impact on life insurance premium. Real income was also found to have a significantly positive effect on insurance premiums, and the impact on nonlife insurance premium was similarly larger than the impact on life insurance premium. On the basis of income elasticity, we found that insurance has the semblance of a luxury good, and on the basis of the panel causality tests, we confirmed the feedback hypothesis.We therefore conclude that exposure to geopolitical risks raises insurance premiums either as a result of increased insurance demand to hedge against geopolitical uncertainty or as a result of uncertainty tax factored into insurance premiums in unstable environments.

show abstract

The dynamics of insurance sector development, banking sector development and economic growth: Evidence from G-20 countries

Cited by 16 publications

References 47 publications

Does insurance‐growth nexus hold for Malaysia?

Does insurance‐growth nexus hold for Malaysia?

Insurance market density and economic growth in Eurozone countries: the granger causality approach

The effect of geopolitical risks on insurance premiums

Contact Info

Product

Resources

About