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...

This paper examines the causal relationship between governance indicators and economic growth in Afghanistan. We use a set of quarterly time series data from 2003Q1 to 2018Q4 to test our hypothesis. Following Toda and Yamamoto's (J Econom 66(1-2):225-250, 1995....