EconPapers    
Economics at your fingertips  
 

Commercial banking, insurance and economic growth in Sweden between 1830 and 1998

Mike Adams, Jonas Andersson, Lars-Fredrik Andersson and Magnus Lindmark

Accounting History Review, 2009, vol. 19, issue 1, 21-38

Abstract: We examine empirically the dynamic historical relation between commercial bank lending, insurance and economic (income) growth in Sweden using time-series data from 1830 to 1998 and performing tests for Granger causality. Because of the non-stationary nature of the time series examined the procedure of Toda and Yamamoto (1995) is used. Our results, which have accounted for possible regime changes due to different exchange rate mechanisms over time, indicate that insurance has Granger-caused economic growth and bank lending. Therefore, we conclude that insurance is an important prerequisite for stimulating economic growth and that this could have important implications for contemporary developing economies

Keywords: banking; insurance; economic growth; history; Sweden (search for similar items in EconPapers)
Date: 2009
References: Add references at CitEc
Citations View citations in EconPapers (18) Track citations by RSS feed

Downloads: (external link)
http://www.tandfonline.com/doi/abs/10.1080/09585200802667139 (text/html)
Access to full text is restricted to subscribers.

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:taf:acbsfi:v:19:y:2009:i:1:p:21-38

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/rabf21

Access Statistics for this article

Accounting History Review is currently edited by Stephen Walker

More articles in Accounting History Review from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().

 
Page updated 2018-12-12
Handle: RePEc:taf:acbsfi:v:19:y:2009:i:1:p:21-38