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The Incidence Of Insurance On Economic Growth In Italy, France, United Kingdom And Romania

Author

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  • COSTACHE, Bianca

    (The Bucharest University of Economics Studies.)

Abstract

This research paper is focused on an important topic in the economic literature, more precisely how the insurance sector impacts the overall economic growth. The objective of the study is to identify, analyse and evaluate the effects of the insurance sector on economic growth for three countries: France, United Kingdom and Italy, with data collected for the period 1984-2016 and also for Romania with data for 2008 - 2017. The results of the study proved to be important as they indicate the variation in the effects of insurance instruments due to the peculiarity of each economy and the way in which each economy responds to a positive impact from the insurance sector.

Suggested Citation

  • COSTACHE, Bianca, 2018. "The Incidence Of Insurance On Economic Growth In Italy, France, United Kingdom And Romania," Studii Financiare (Financial Studies), Centre of Financial and Monetary Research "Victor Slavescu", vol. 22(3), pages 56-65, September.
    • Handle: RePEc:vls:finstu:v:22:y:2018:i:3:p:56-65
    as

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    References listed on IDEAS

    as
    1. Emily Norman Zietz, 2003. "An Examination of the Demand for Life Insurance," Risk Management and Insurance Review, American Risk and Insurance Association, vol. 6(2), pages 159-191, September.
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    More about this item

    Keywords

    DP; 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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