Han, Liyan; Li, Donghui; Moshirian, Fariborz; Tian, Yanhui - In: The Geneva Papers on Risk and Insurance - Issues and … 35 (2010) 2, pp. 183-199
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...