The relationship between marine and cargo insurance with economic growth using Autoregressive Model

Izadi, H.R.; Izadi, M.

doi:10.22056/ijir.2012.01.01

Document Type : Original Research Paper

Authors

H.R. Izadi ¹
M. Izadi ²

¹ Department of Economics, Shiraz University, Shiraz, Iran

² Department of Economics, Shahid Beheshti University, Tehran, Iran

https://doi.org/10.22056/ijir.2012.01.01

Abstract

The development of marine insurance in a country can lead to the preservation of national wealth and the formation of large savings, and on the other hand, it has a reciprocal relationship with economic growth and development, increasing exchanges and investment development of each country. In fact, the insurance industry, due to its role as an investor and its commitment to compensation, can have a significant impact on the macroeconomic activities and economic growth of any country. In this article, the effect of insurance premiums earned from marine insurance (ship and freight insurance) for the period of 1971-2008 has been investigated, and the results and impact of this market on the country's economic growth have been investigated. The coefficients of freight and ship insurance premium variables indicate the positive and significant effect of these variables on the Gross Domestic Product or economic growth function. Also, the stability test was done on the variables of this function, and the results of these tests indicate that the discussed function has structural stability in the long term.

Keywords

Letters to Editor

IJIR Journal welcomes letters to the editor for the post-publication discussions and corrections which allows debate post publication on its site, through the Letters to Editor. Letters pertaining to manuscript published in IJIR should be sent to the editorial office of IJIR within three months of either online publication or before printed publication, except for critiques of original research. Following points are to be considering before sending the letters (comments) to the editor.

[1] Letters that include statements of statistics, facts, research, or theories should include appropriate references, although more than three are discouraged.

[2] Letters that are personal attacks on an author rather than thoughtful criticism of the author’s ideas will not be considered for publication.

[3] Letters can be no more than 300 words in length.

[4] Letter writers should include a statement at the beginning of the letter stating that it is being submitted either for publication or not.

[5] Anonymous letters will not be considered.

[6] Letter writers must include their city and state of residence or work.

[7] Letters will be edited for clarity and length.

Name *

Email Address *

Affiliation *

Comments *

Security Code *

Iranian Journal of Insurance Research

The relationship between marine and cargo insurance with economic growth using Autoregressive Model

Letters to Editor

Send comment about this article

Volume 1, Issue 1 - Serial Number 1
January 2012
Pages 1-15

The relationship between marine and cargo insurance with economic growth using Autoregressive Model

Letters to Editor

Send comment about this article

Volume 1, Issue 1 - Serial Number 1January 2012Pages 1-15

Volume 1, Issue 1 - Serial Number 1
January 2012
Pages 1-15