This article examines long-term relationship between life insurance and economic growth in Nepal. The study includes GDP and money supply as macroeconomic variables and life insurance premium as insurance industry variable. Annual data has been taken for 31 years (1983-2013) and Vector Error...

This study constructs a simple model demonstrate that life insurance and banking development simultaneously affect economic growth. We thereby provide empirical evidence on the model’s critical prediction. By analyzing a panel data for 17 advanced European countries from 1980 to 2015, the...

This paper analyses the impact of insurance sector development on economic growth based on a sample that includes 14 Central and Eastern European (CEE) post-transition countries for a period of 19 years, from 1998 to 2016. Considering the presence of cross-section dependence and multiple...

This article analyses the frequency components of European business cycles using real GDP by employing multiresolution decomposition (MRD) with the use of maximal overlap discrete wavelet transforms (MODWT). Static wavelet variance and correlation analysis is performed, and phasing is studied...

The objective is to examine the determinants of the relationship between insurance growth and economic development. This paper contributes to this body of research by providing an extensive literature review of empirical studies that have looked at both sides of the relationship, i.e. the demand...

The insurance industry plays a substantive vitality in the growth of the economy. However, there is limited literature on the activities of the insurance industry and economic growth in Ghana. As one of the fastest-growing economies in sub-Saharan Africa before the global pandemic in 2020, there...