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About An Investigation of The Insurance Sector's Contribution To Economic Growth
This dissertation investigates the contribution of the insurance sector to economic growth. It develops two theoretical models to illustrate how insurance can promote growth. The first model shows how property and liability insurance facilitates risk sharing in an economy. The second model demonstrates how life insurance shifts savings from short-term to long-term, increasing capital accumulation. Empirical analysis of data from the US, Korea, Sweden, and Germany provides mixed evidence on the relationship between insurance growth and economic growth. Property and liability insurance is found to promote growth in all countries, but the effect of life insurance varies between countries.
Detailed Information
| Author: | ['tarekmn1'] |
|---|---|
| Publication Year: | 2013 |
| Pages: | 149 |
| Language: | English |
| Format: | |
| Price: | FREE |
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