Impact of Insurance Market on Economic Growth in Post-Transition Countries

• Autorzy: Jaba Phutkaradze
• Języki publikacji: EN

Abstrakty

EN

The purpose of this work is to identify whether the development of an insurance market is linked to economic growth in former transition countries. A multiple regression analysis is employed to estimate the insurance-growth relationship, using a cross-country panel dataset analysis tracking annual total insurance penetration in 10 countries over the 2000-2012 period, and applying a fixed effect model to test the hypothesis that this linkage is demonstrably positive. The results show a negative and statistically non-significant correlation between insurance and GDP growth, suggesting a lack of evidence that insurance promotes economic growth in post-transition economies. (original abstract)

Słowa kluczowe

EN

Insurance sector; Economic growth; Gross domestic product (GDP)

PL

Sektor ubezpieczeniowy; Wzrost gospodarczy; Produkt krajowy brutto (PKB)

• Czasopismo: International Journal of Management and Economics
• Rocznik: 2014
• Numer: nr 44
• Strony: 92--105

Twórcy

autor

Jaba Phutkaradze

• Warsaw School of Economics, Poland

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