Insurance and economic growth revisited:International evidence

摘要：

This paper investigates the short-and long-run relations between insurance development and economic growth for 40 countries from 1981 to 2010.Applying a pooled mean group estimation, we find that life and non-life insurance have different effects on economic growth.On a full sample analysis, life insurance exerts a significantly positive long-run effect on economic growth, while its short-run effect is notsignificant.

关键词： Insurance development Economic growth Pooled mean group Short-run effect Long-run effect

作者: CHIEN-CHIANG LEE CHI-HUNG CHANG

作者单位: Department of Finance, National Sun Yat-sen University, Taiwan Department of Risk Management and Insurance, Feng Chia University, Taiwan

会议类型: 国内会议

会议名称: 2015第8届中国保险教育论坛

会议地点: 大连

会议语种:英文

页码: 494-521

在线出版日期: 2015-10-22（万方平台首次上网日期，不代表论文的发表时间）