Insurance and economic growth
Abstract
The purpose of this paper is to study the relationship between the insurance business and the economic growth of 23 OECD countries over the period 1990-2011, using a static panel data model. The key findings emerged from the empirical analysis show a positive impact of non-life insurance, as measured by the penetration rate on economic growth and a negative effect exerted by the total insurance and non-life insurance, as measured by the density on economic growth.
Keywords: Insurance, economic growth, Static panel data model
To list your conference here. Please contact the administrator of this platform.
Paper submission email: JESD@iiste.org
ISSN (Paper)2222-1700 ISSN (Online)2222-2855
Please add our address "contact@iiste.org" into your email contact list.
This journal follows ISO 9001 management standard and licensed under a Creative Commons Attribution 3.0 License.
Copyright © www.iiste.org