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The Relationship Between Insurance And Economic Growth In Germany, Netherlands And Spain

Author

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  • Bianca COSTACHE

    (The Bucharest University of Economics Studies)

Abstract

This study is focused on a highly relevant subject in the economic literature, more precisely how the insurance sector impacts the overall economic growth. The objective of the study is to identify, analyze and evaluate the effects of the insurance sector on economic growth for three countries: Germany, Netherlands and Spain,w ith data collected for the period 1984 - 2016. The results of the study proved to be important as they indicate the variation in the effects of insurance instruments due to the pecularity of each economy and the way in which each economy responds to a positive impact from the insurance sector.

Suggested Citation

  • Bianca COSTACHE, 2018. "The Relationship Between Insurance And Economic Growth In Germany, Netherlands And Spain," Contemporary Economy Journal, Constantin Brancoveanu University, vol. 3(4), pages 38-43.
    • Handle: RePEc:brc:brccej:v:3:y:2018:i:4:p:38-43
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    References listed on IDEAS

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    1. Mike Adams & Jonas Andersson & Lars-Fredrik Andersson & Magnus Lindmark, 2009. "Commercial banking, insurance and economic growth in Sweden between 1830 and 1998," Accounting History Review, Taylor & Francis Journals, vol. 19(1), pages 21-38.
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    5. Ming-Sun Horng & Yung-Wang Chang & Ting-Yi Wu, 2012. "Does insurance demand or financial development promote economic growth? Evidence from Taiwan," Applied Economics Letters, Taylor & Francis Journals, vol. 19(2), pages 105-111, February.
    6. Campbell, Ritchie A, 1980. "The Demand for Life Insurance: An Application of the Economics of Uncertainty," Journal of Finance, American Finance Association, vol. 35(5), pages 1155-1172, December.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    insurance; growth; gross written premiums; cointegration; causality;
    All these keywords.

    JEL classification:

    • C32 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes; State Space Models
    • G22 - Financial Economics - - Financial Institutions and Services - - - Insurance; Insurance Companies; Actuarial Studies
    • O41 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models

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