Re-investigating the insurance-growth nexus using common factors

被引:8
作者
Gonzalez, Miguel Rodriguez [1 ]
Wegener, Christoph [2 ]
Basse, Tobias [3 ,4 ]
机构
[1] Leibniz Univ Hannover, Otto Brenner Str 7, D-30159 Hannover, Germany
[2] Leuphana Univ Luneburg, Univ Allee 1, D-21335 Luneburg, Germany
[3] Norddeutsch Landesbank Girozentrale, Friedrichswall 10, D-30159 Hannover, Germany
[4] Touro Coll Berlin, Rupenhorn 5, D-14055 Berlin, Germany
关键词
Insurance-growth nexus; Panel cointegration; Cross-sectional dependence; ECONOMIC-GROWTH; COINTEGRATING RANK; FINANCE;
D O I
10.1016/j.frl.2021.102231
中图分类号
F8 [财政、金融];
学科分类号
0202 ;
摘要
This study re-investigates the linkage between insurance market activity and economic activity by using panel cointegration techniques. The methodology used here accounts for the presence of cross-sectional dependence. Considering nine panels formed from the data of 90 countries, we find evidence in favor of panel cointegration among real insurance market activity per capita and real GDP per capita.
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页数:9
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