Document Type : Original Research Paper
Authors
Department of Economics, University of Urmia, West Azarbaijan, Iran
Abstract
In this research, the empirical relationship between the development of life and non-life insurances and economic growth in Iran has been investigated using the ARDL method, the edge test approach and the data of the period 1358-1388. The results show that there is a co-occurrence relationship between the research variables and it indicates that life insurance does not have a significant effect on economic growth in the short-term and long-term, but non-life insurance has a significant effect on economic growth in the short-term and long-term. Also, in the long term, there is a one-way causal relationship from the development of non-life insurance to economic growth, but economic growth is not the Grangerian cause of the development of life and non-life insurance.
Keywords
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