Re-investigating the insurance-growth nexus using common factors

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Authors

This study re-investigates the linkage between insurance market activity and economic activity by using panel cointegration techniques. The methodology used here accounts for the presence of cross-sectional dependence. Considering nine panels formed from the data of 90 countries, we find evidence in favor of panel cointegration among real insurance market activity per capita and real GDP per capita.

Original languageEnglish
Article number102231
JournalFinance Research Letters
Volume46
Issue numberPart A
Number of pages9
ISSN1544-6123
DOIs
Publication statusPublished - 01.05.2022

    Research areas

  • Cross-sectional dependence, Insurance-growth nexus, Panel cointegration
  • Management studies