Does Insurance Market Activity Promote Economic Growth ?: Country Study For Industrial And Developing Countries
Insurance market activity, both as a financial intermediary and a provider of risk transfer and indemnification, may contribute to economic growth by allowing different risks to be managed more efficiently and by mobilizing domestic savings. During the past decade, there has been faster growth in in...
Gespeichert in:
| 1. Verfasser: | |
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C
The World Bank
2006
|
| Schlagworte: | |
| Online-Zugang: | BSB01 EUV01 HTW01 FHI01 IOS01 Volltext |
| Zusammenfassung: | Insurance market activity, both as a financial intermediary and a provider of risk transfer and indemnification, may contribute to economic growth by allowing different risks to be managed more efficiently and by mobilizing domestic savings. During the past decade, there has been faster growth in insurance market activity, particularly in emerging markets given the process of liberalization and financial integration, which raises questions about its impact on economic growth. The author tests whether there is a causal relationship between insurance market activity (life and nonlife insurance) and economic growth. Using the generalized method of moments for dynamic models of panel data for 56 countries and for the 1976-2004 period, he finds robust evidence of a causal relationship between insurance market activity and economic growth. Both life and nonlife insurance have a positive and significant causal effect on economic growth. High-income countries drive the results in the case of life insurance. On the other hand, both high-income and developing countries drive the results in the case of nonlife insurance |
| Beschreibung: | 1 Online-Ressource (22 Seiten)) |
Internformat
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| 520 | 3 | |a Insurance market activity, both as a financial intermediary and a provider of risk transfer and indemnification, may contribute to economic growth by allowing different risks to be managed more efficiently and by mobilizing domestic savings. During the past decade, there has been faster growth in insurance market activity, particularly in emerging markets given the process of liberalization and financial integration, which raises questions about its impact on economic growth. The author tests whether there is a causal relationship between insurance market activity (life and nonlife insurance) and economic growth. Using the generalized method of moments for dynamic models of panel data for 56 countries and for the 1976-2004 period, he finds robust evidence of a causal relationship between insurance market activity and economic growth. Both life and nonlife insurance have a positive and significant causal effect on economic growth. High-income countries drive the results in the case of life insurance. On the other hand, both high-income and developing countries drive the results in the case of nonlife insurance | |
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Datensatz im Suchindex
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| spelling | Arena, Marco Verfasser aut Does Insurance Market Activity Promote Economic Growth ? Country Study For Industrial And Developing Countries Arena, Marco Washington, D.C The World Bank 2006 1 Online-Ressource (22 Seiten)) txt rdacontent c rdamedia cr rdacarrier Insurance market activity, both as a financial intermediary and a provider of risk transfer and indemnification, may contribute to economic growth by allowing different risks to be managed more efficiently and by mobilizing domestic savings. During the past decade, there has been faster growth in insurance market activity, particularly in emerging markets given the process of liberalization and financial integration, which raises questions about its impact on economic growth. The author tests whether there is a causal relationship between insurance market activity (life and nonlife insurance) and economic growth. Using the generalized method of moments for dynamic models of panel data for 56 countries and for the 1976-2004 period, he finds robust evidence of a causal relationship between insurance market activity and economic growth. Both life and nonlife insurance have a positive and significant causal effect on economic growth. High-income countries drive the results in the case of life insurance. On the other hand, both high-income and developing countries drive the results in the case of nonlife insurance Online-Ausg Bank Policy Banking Sector Banks and Banking Reform Bond Debt Markets Developing Countries Economic Theory and Research Emerging Markets Exchange Finance and Financial Sector Development Financial Intermediation Financial Literacy Financial Systems Insurance Insurance Law Insurance Market Insurance Markets Insurance Premiums Insurance and Risk Mitigation Law and Development Macroeconomics and Economic Growth Private Sector Development Arena, Marco Sonstige oth Arena, Marco Does Insurance Market Activity Promote Economic Growth ? http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-4098 Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Arena, Marco Does Insurance Market Activity Promote Economic Growth ? Country Study For Industrial And Developing Countries Bank Policy Banking Sector Banks and Banking Reform Bond Debt Markets Developing Countries Economic Theory and Research Emerging Markets Exchange Finance and Financial Sector Development Financial Intermediation Financial Literacy Financial Systems Insurance Insurance Law Insurance Market Insurance Markets Insurance Premiums Insurance and Risk Mitigation Law and Development Macroeconomics and Economic Growth Private Sector Development |
| title | Does Insurance Market Activity Promote Economic Growth ? Country Study For Industrial And Developing Countries |
| title_auth | Does Insurance Market Activity Promote Economic Growth ? Country Study For Industrial And Developing Countries |
| title_exact_search | Does Insurance Market Activity Promote Economic Growth ? Country Study For Industrial And Developing Countries |
| title_exact_search_txtP | Does Insurance Market Activity Promote Economic Growth ? Country Study For Industrial And Developing Countries |
| title_full | Does Insurance Market Activity Promote Economic Growth ? Country Study For Industrial And Developing Countries Arena, Marco |
| title_fullStr | Does Insurance Market Activity Promote Economic Growth ? Country Study For Industrial And Developing Countries Arena, Marco |
| title_full_unstemmed | Does Insurance Market Activity Promote Economic Growth ? Country Study For Industrial And Developing Countries Arena, Marco |
| title_short | Does Insurance Market Activity Promote Economic Growth ? |
| title_sort | does insurance market activity promote economic growth country study for industrial and developing countries |
| title_sub | Country Study For Industrial And Developing Countries |
| topic | Bank Policy Banking Sector Banks and Banking Reform Bond Debt Markets Developing Countries Economic Theory and Research Emerging Markets Exchange Finance and Financial Sector Development Financial Intermediation Financial Literacy Financial Systems Insurance Insurance Law Insurance Market Insurance Markets Insurance Premiums Insurance and Risk Mitigation Law and Development Macroeconomics and Economic Growth Private Sector Development |
| topic_facet | Bank Policy Banking Sector Banks and Banking Reform Bond Debt Markets Developing Countries Economic Theory and Research Emerging Markets Exchange Finance and Financial Sector Development Financial Intermediation Financial Literacy Financial Systems Insurance Insurance Law Insurance Market Insurance Markets Insurance Premiums Insurance and Risk Mitigation Law and Development Macroeconomics and Economic Growth Private Sector Development |
| url | http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-4098 |
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