THE RELATIONSHIP BETWEEN INSURANCE AND ECONOMIC GROWTH IN GERMANY, NETHERLANDS AND SPAIN
THE RELATIONSHIP BETWEEN INSURANCE AND ECONOMIC GROWTH IN GERMANY, NETHERLANDS AND SPAIN
Author(s): Bianca COSTACHESubject(s): National Economy, Economic history, Evaluation research, Economic development, Post-War period (1950 - 1989), Transformation Period (1990 - 2010), Present Times (2010 - today)
Published by: EDITURA INDEPENDENŢA ECONOMICĂ
Keywords: insurance; growth; gross written premiums; cointegration; causality;
Summary/Abstract: This study is focused on a highly relevant subject in the economic literature, more precisely how the insurance sector impacts the overall economic growth. The objective of the study is to identify, analyze and evaluate the effects of the insurance sector on economic growth for three countries: Germany, Netherlands and Spain, with data collected for the period 1984 - 2016. The results of the study proved to be important as they indicate the variation in the effects of insurance instruments due to the pecularity of each economy and the way in which each economy responds to a positive impact from the insurance sector.
Journal: REVISTA ECONOMIA CONTEMPORANĂ
- Issue Year: 3/2018
- Issue No: 4
- Page Range: 38-43
- Page Count: 6
- Language: English