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dc.contributor.authorApergis, Nicholas
dc.contributor.authorPoufinas, Thomas
dc.date.accessioned2020-05-22T13:23:43Z
dc.date.available2020-05-22T13:23:43Z
dc.date.issued2020-05-11
dc.identifier.citationApergis, N., and Poufinas, T. (2020). 'The role of insurance growth in economic growth: Fresh evidene from a panel of OECD countires'. The North American journal of Economics and Finance, 53, 101217, pp. 1-16.en_US
dc.identifier.issn1062-9408
dc.identifier.doi10.1016/j.najef.2020.101217
dc.identifier.urihttp://hdl.handle.net/10545/624805
dc.description.abstractInsurance is one of the key activities in a globalised financial and economic environment. Through its benefits, it offers income, life and property protection to the insured and their keens, as well as income accumulation that can be used at retirement to help preserve the desired lifestyle or living standards. Motivated by this end of insurance, the goal of this paper is to study the contribution of insurance growth to economic growth, by employing the benefit side of the insurance activity, next to the acquisition side that has already been considered. More precisely, the findings provide evidence that gross claims payments and gross operating expenses are significantly and positively related to economic growth. At the same time, the results confirm the findings of the existing literature that gross premia and insurance penetration are also significantly and positively related to economic growth. The outcomes hold true for total, life and non-life insurance, both during the pre- and post- 2008-crisis periods, even though less strong after the crisis. Furthermore, the positive and statistically significant impact of gross capital formation, government expenditure, secondary schooling, FDI inflows, trade openness and financial development is validated, in line with certain theoretical expectations.en_US
dc.description.sponsorshipN/Aen_US
dc.language.isoenen_US
dc.publisherElsevieren_US
dc.relation.urlhttps://www.sciencedirect.com/science/article/pii/S1062940820301145?casa_token=6f6i0HFH-K8AAAAA:zNblrTeExocfeH2eFlZ70E7aVtOypP2KuCS1juxWoPl3sPm5JinXSzsYyDC0dic5x0ErJDNJBQ#!en_US
dc.rightsCC0 1.0 Universal*
dc.rights.urihttp://creativecommons.org/publicdomain/zero/1.0/*
dc.subjectResearch Subject Categories::SOCIAL SCIENCESen_US
dc.subjectInsurance growth, Economic growth, Premium Retention, Macroeconomic variablesen_US
dc.titleThe role of insurance growth in economic growth: Fresh evidene from a panel of OECD countiresen_US
dc.typeArticleen_US
dc.contributor.departmentUniversity of Derbyen_US
dc.contributor.departmentDemocritus University of Thraceen_US
dc.identifier.journalThe North American journal of Economics and Financeen_US
dcterms.dateAccepted2020-05-05
dc.author.detail786373en_US


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CC0 1.0 Universal
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