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The objective of this study is to analyse the relationship of economic growth and financial development as determinants of NLI premium consumption, using data from a highly volatile economic environment. The empirical results revealed a positive relationship among economic growth, credit, and...
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We investigate the economic impact of stochastic endogenous extreme events and insurance in a growth model. Our … analytical results and computational experiments show that i) transparency of the insurance sector is the decisive requisite for … insurance fairly is preferable to an insurance industry which provides insurance with an overhead. …
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