Insurance Premium and Economic Growth: Evidence from OECD Countries Cover Image

Sigorta Primi ve Ekonomik Büyüme Arasındaki İlişki: OECD Ülkeleri Üzerine Bir Araştırma
Insurance Premium and Economic Growth: Evidence from OECD Countries

Author(s): Şuayyip Doğuş Demirci, Feyyaz Zerren
Subject(s): Economy
Published by: Sakarya üniversitesi
Keywords: Insurance;Economic Growth; OECD Countries; Panel Unit Root Test; Panel Causality Test.;

Summary/Abstract: In this study that covers 1983-2011 periods, per capita insurance premiums and per capita real GDP relationship was investigated for 13 OECD countries (USA, Germany, Australia, Belgium, Finland, France, Holland,Spain, Switzerland, Italy, Iceland, Japan and Norway). Stationarity of series are determined with linear Levin, Lin and Chu (2002), Im, Pesaran & Shin(2003) and Maddala-Wu (1999), non-linear Uçar & Omay (2009) panel unit root tests. In the paper in which the Emirmahmutoğlu & Köse (EK) panel causality test (2011) was used, least one panel causality was determined from insurance premiums to GDP. Sequential panel selection method which was developed by Chortareas and Kapetanios (2009) was used and this causality occurred for respectively France, Iceland, Italy and Spain and there was no findings observed for the other countries. The findings of this study have an important place for insurance sector in economy and it also supports the findings obtained in literature

  • Issue Year: 5/2017
  • Issue No: 1
  • Page Range: 1-11
  • Page Count: 11
  • Language: English