Insurance development and international trade in developing countries

Relwendé Sawadogo

The International Trade Journal, 2019, vol. 33, issue 3, 239-254

Abstract: This article analyzes the impact of insurance development on international trade for a sample of 52 developing countries over the period of 1990 to 2014. The results from the pooled mean group estimator indicate that the countries with a better developed insurance sector have a comparative advantage in international trade in the long term. The sample is then divided into low- and lower-middle-income countries and upper-middle-income countries. For the upper-middle-income countries, the development of non-life insurance plays a much more important role than it does for low- and lower-middle-income countries.

Date: 2019
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DOI: 10.1080/08853908.2018.1503574

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