<abstract xmlns="http://www.w3.org/1999/xhtml"><p> The purpose of this work is to identify whether the development of an insurance market is linked to economic growth in former transition countries. A multiple regression analysis is employed to estimate the insurance-growth relationship, using a cross-country panel dataset analysis tracking annual total insurance penetration in 10 countries over the 2000-2012 period, and applying a fixed effect model to test the hypothesis that this linkage is demonstrably positive. The results show a negative and statistically non-significant correlation between insurance and GDP growth, suggesting a lack of evidence that insurance promotes economic growth in post-transition economies.</p></abstract>

The purpose of this work is to identify whether the development of an insurance market is linked to economic growth in former transition countries. A multiple regression analysis is employed to estimate the insurance-growth relationship, using a cross-country panel dataset analysis tracking annual total insurance penetration in 10 countries over the 2000-2012 period, and applying a fixed effect model to test the hypothesis that this linkage is demonstrably positive. The results show a negative and statistically non-significant correlation between insurance and GDP growth, suggesting a lack of evidence that insurance promotes economic growth in post-transition economies.

Impact of Insurance Market on Economic Growth in Post-Transition Countries

Ph. D. Student, Warsaw School of Economics

International Journal of Management and Economics

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

{"article-title":"Impact of Insurance Market on Economic Growth in Post-Transition Countries"}

The purpose of this work is to identify whether the development of an insurance market is linked to economic growth in former transition countries. A multiple...

Impact of Insurance Market on Economic Growth in Post-Transition Countries

Published Online: Apr 10, 2015

Page range: 92 - 105

DOI: https://doi.org/10.1515/ijme-2015-0011

© 2015

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.