An empirical analysis of the causality relationship between insurance and economic growth

Ana-Maria Burcă, Dan Armeanu () and Meral Kagitci
Additional contact information
Ana-Maria Burcă: Bucharest University of Economic Studies

Theoretical and Applied Economics, 2013, vol. XX, issue Special I, 17-29

Abstract: Worldwide, the role of the insurance industry has grown in importance. A world without insurance would be much less developed and much less stable. Furthermore, a large number of economic activities would not take place without a reliable insurance mechanism. Therefore, insurance is an important prerequisite for stimulating economic growth. The purpose of this study is to empirically assess the causality relationship between insurance and economic growth in 5 developed countries where we can notice differences in the activity of the insurance market. The relationship between the insurance industry and economic growth is complex and country specific, depending on social, cultural, economic and legal factors.

Keywords: insurance; economic growth; VAR model; causality relationship. (search for similar items in EconPapers)
Date: 2013
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://store.ectap.ro/suplimente/International_Fin ... _BA_2013_XIth_Ed.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:agr:journl:v:xx:y:2013:i:special-i:p:17-29

Access Statistics for this article

Theoretical and Applied Economics is currently edited by Mircea Dinu

More articles in Theoretical and Applied Economics from Asociatia Generala a Economistilor din Romania / Editura Economica Contact information at EDIRC.
Bibliographic data for series maintained by Mircea Dinu ().