Zhou, Chunyang; Wu, Chongfeng; Li, Donghui; Chen, Zhian - In: The Geneva Papers on Risk and Insurance - Issues and … 37 (2012) 3, pp. 405-428
In this paper, we propose to use insurance stock returns as an indicator of insurance activities, and apply a dynamic panel technique to examine the link between the role of insurance and economic growth. Our empirical results show that after we control for the variations of market index...