| Title: Insurance Development and Economic Growth |
| Teacher Name: HAN Liyan |
| Abstract: This paper investigates the relationship between insurance development and economic growth by employing GMM models on a dynamic panel data set of 77 economies for the period 1994–2005. Insurance density is used to measure the development of insurance. Controlled by a simple conditioning information set and a policy information set, we can draw a conclusion that insurance development is positively correlated with economic growth. The sample is then divided into developed and developing econ |
| Keywords: insurance development; economic growth; dynamic panel data |
| Authors: Liyan Han, Donghui Li, Fariborz Moshirian and Yanhui Tian |
| Publish Time: 2010/4 |
| Publication: The Geneva Papers on Risk and Insurance |
| Volume No.: 35 IssueNo.: 2 |
| Notes: Liyan Han and Yanhui Tian are especially grateful to National Natural Science Foundation of China (No. 70831001 and No. 70821061). |
