Insurance activity and economic performance : fresh evidence from asymmetric panel causality tests

dc.contributor.authorHatemi-J, Abdulnasser
dc.contributor.authorLee, Chi-Chuan
dc.contributor.authorLee, Chien-Chiang
dc.contributor.authorGupta, Rangan
dc.date.accessioned2018-11-26T05:51:27Z
dc.date.issued2019-08
dc.description.abstractInsurance plays a fundamental role in any modern economy, but the literature has not accounted for the potential asymmetric causal impacts from the dynamic interaction between the insurance market and economic performance. This paper aims to fill this gap by studying the causal relationship between several measures of insurance per capita and real GDP per capita in the G7 countries over the period 1980–2014 via asymmetric panel causality tests. Our results show that insurance market activity and economic performance exhibit bidirectional causalities, but their direction, intensity and significance are different due to distinct market situations. In general, insurance activity plays a passive role in economic performance, while economic performance has a significant role in insurance activity. These findings offer several useful insights for policy makers and researchers.en_ZA
dc.description.departmentEconomicsen_ZA
dc.description.embargo2020-10-24
dc.description.librarianhj2018en_ZA
dc.description.sponsorshipChien-Chiang Lee is grateful to the Ministry of Science and Technology of Taiwan for financial support through grant (MOST 107-2410-H-110-005-MY2).en_ZA
dc.description.urihttp://wileyonlinelibrary.com/journal/infien_ZA
dc.identifier.citationHatemi-J A, Lee C-C, Lee C-C, Gupta R. Insurance activity and economic performance: Fresh evidence from asymmetric panel causality tests. International Finance. 2019;22:221–240. https://doi.org/10.1111/infi.12333.en_ZA
dc.identifier.issn1367-0271 (print)
dc.identifier.issn1468-2362 (online)
dc.identifier.other10.1111/infi.12333
dc.identifier.urihttp://hdl.handle.net/2263/67310
dc.language.isoenen_ZA
dc.publisherWileyen_ZA
dc.rights© 2018 John Wiley & Sons Ltd. This is the pre-peer reviewed version of the following article : Insurance activity and economic performance: Fresh evidence from asymmetric panel causality tests. International Finance. 2019;22:221–240. https://doi.org/10.1111/infi.12333. The definite version is available at : http://wileyonlinelibrary.com/journal/infi.en_ZA
dc.subjectInsuranceen_ZA
dc.subjectEconomic performanceen_ZA
dc.subjectAsymmetric panel causality testen_ZA
dc.subjectInsurance per capitaen_ZA
dc.subjectGDP per capitaen_ZA
dc.subjectG7 countriesen_ZA
dc.titleInsurance activity and economic performance : fresh evidence from asymmetric panel causality testsen_ZA
dc.typePostprint Articleen_ZA

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