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Finance and growth : new evidence on the role of insurance


Wan Ngah, Wan Azman Saini and Smith, Peter (2011) Finance and growth : new evidence on the role of insurance. South African Journal of Economics, 79 (2). pp. 111-127. ISSN 0038-2280; ESSN: 1813-6982


This paper provides new evidence that sheds light on the impact of insurance sector development on output growth, capital accumulation and productivity improvement, using data from 51 countries (developed and developing) during 1981-2005. The dynamic panel data analysis results demonstrate that insurance sector development affects growth predominantly through productivity improvement in developed countries, while in developing countries it promotes capital accumulation.

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Additional Metadata

Item Type: Article
Divisions: Faculty of Economics and Management
DOI Number: https://doi.org/10.1111/j.1813-6982.2011.01258.x
Publisher: Wiley-Blackwell Publishing Asia
Keywords: Insurance; Financial development; Economic growth; Productivity growth; Capital accumulation
Depositing User: Azana Abd Hadi
Date Deposited: 10 Feb 2015 04:44
Last Modified: 09 Oct 2015 07:46
Altmetrics: http://www.altmetric.com/details.php?domain=psasir.upm.edu.my&doi=10.1111/j.1813-6982.2011.01258.x
URI: http://psasir.upm.edu.my/id/eprint/22748
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