Dash, Saurav; Pradhan, Rudra Prakash; Maradana, Rana Pratap - In: Future Business Journal 4 (2018) 1, pp. 50-67
This paper examines the causal relationship between insurance market penetration and per capita economic growth in 19 Eurozone countries for the period 1980-2014. We use three different indicators of insurance market penetration (IMP), namely life insurance penetration, non-life insurance...