The misconception of services as being non-productive has led to the neglect of the service sector in both economic theory and applied economic researches. The Nigerian economy highly depends on the oil sector to generate revenue for the entire economy. This study examines the response of...

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...