Impact of Insurance Market on Economic Growth in Post-Transition Countries
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 t...
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| Format: | Article |
| Language: | English |
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Sciendo
2014-12-01
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| Series: | International Journal of Management and Economics |
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| Online Access: | https://doi.org/10.1515/ijme-2015-0011 |
| _version_ | 1811272315023917056 |
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| author | Phutkaradze Jaba |
| author_facet | Phutkaradze Jaba |
| author_sort | Phutkaradze Jaba |
| collection | DOAJ |
| description | 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. |
| first_indexed | 2024-04-12T22:38:02Z |
| format | Article |
| id | doaj.art-3fea0dad98a5484b8f5bc23d7477675a |
| institution | Directory Open Access Journal |
| issn | 2299-9701 |
| language | English |
| last_indexed | 2024-04-12T22:38:02Z |
| publishDate | 2014-12-01 |
| publisher | Sciendo |
| record_format | Article |
| series | International Journal of Management and Economics |
| spelling | doaj.art-3fea0dad98a5484b8f5bc23d7477675a2022-12-22T03:13:48ZengSciendoInternational Journal of Management and Economics2299-97012014-12-014419210510.1515/ijme-2015-0011ijme-2015-0011Impact of Insurance Market on Economic Growth in Post-Transition CountriesPhutkaradze Jaba0Ph. D. Student, Warsaw School of EconomicsThe 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.https://doi.org/10.1515/ijme-2015-0011insurance sectorgdptotal insurance penetrationeconomic growthpost-transition countries |
| spellingShingle | Phutkaradze Jaba Impact of Insurance Market on Economic Growth in Post-Transition Countries International Journal of Management and Economics insurance sector gdp total insurance penetration economic growth post-transition countries |
| title | Impact of Insurance Market on Economic Growth in Post-Transition Countries |
| title_full | Impact of Insurance Market on Economic Growth in Post-Transition Countries |
| title_fullStr | Impact of Insurance Market on Economic Growth in Post-Transition Countries |
| title_full_unstemmed | Impact of Insurance Market on Economic Growth in Post-Transition Countries |
| title_short | Impact of Insurance Market on Economic Growth in Post-Transition Countries |
| title_sort | impact of insurance market on economic growth in post transition countries |
| topic | insurance sector gdp total insurance penetration economic growth post-transition countries |
| url | https://doi.org/10.1515/ijme-2015-0011 |
| work_keys_str_mv | AT phutkaradzejaba impactofinsurancemarketoneconomicgrowthinposttransitioncountries |