Institutional quality, insurance markets, and economic growth: evidence from pooled mean group estimation

Rudra P. Pradhan, Sahar Bahmani and Rebecca Abraham

Applied Economics Letters, 2023, vol. 30, issue 4, 445-449

Abstract: We study the role of institutional quality and insurance markets in the economic growth of middle-income countries between 2005 and 2019. Insurance market development consistently explains long- and short-run growth. Institutional quality is a better predictor of long-run growth, but is more erratic regarding sign and significance for short-run growth.

Date: 2023
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DOI: 10.1080/13504851.2021.1991561

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