The Relationship Between Insurance Sector and Economic Growth In Morocco: An ARDL Approach
The aim of this paper is to investigate the effect and causality between insurance sector and economic growth in Morocco using ARDL models and time series data for the period 1980-2017. In the long run, there is cointegration between variables in each model and a significant positive effect of Tota...
| Main Authors: | , |
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| Format: | Article |
| Language: | Arabic |
| Published: |
University of Bechar
2020-04-01
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| Series: | مجلة البشائر الاقتصادية |
| Subjects: | |
| Online Access: | https://www.asjp.cerist.dz/en/downArticle/196/6/1/115486 |
| Summary: | The aim of this paper is to investigate the effect and causality between insurance sector and economic growth in Morocco using ARDL models and time series data for the period 1980-2017. In the long run, there is cointegration between variables in each model and a significant positive effect of Total insurance premiums and life insurance premiums on real GDP. In the short run, there is a positive and significant effect of non-life insurance premiums on economic growth versus a negative effect of life insurance premiums. Granger causality test supports the supply-leading hypothesis by showing a unidirectional causal relationship running from insurance towards economic growth. |
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| ISSN: | 2437-0932 2600-6391 |