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Does insurance‐growth nexus hold for Malaysia?

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  • Zaheer Anwer
  • Muhammad Ahad
  • Muhammad Imran

Abstract

The study investigates the impact of insurance activities on economic growth in Malaysia over the period 1990–2015. Combined cointegration in the presence of identified structural breaks was used to confirm the existence of long‐run relationships among economic growth, insurance activities, human capital, physical capital, and industrial production. The findings indicate feedback effects between insurance activities and economic growth in the long run. The study provides new insights for policymaking to enhance economic growth via insurance activities.

Suggested Citation

  • Zaheer Anwer & Muhammad Ahad & Muhammad Imran, 2019. "Does insurance‐growth nexus hold for Malaysia?," Asian-Pacific Economic Literature, The Crawford School, The Australian National University, vol. 33(2), pages 108-120, November.
    • Handle: RePEc:bla:apacel:v:33:y:2019:i:2:p:108-120
    DOI: 10.1111/apel.12273
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