The impact of insurance indices on economic growth among OPEC countries using dynamic panel model through GMM method

Mirzaei, A.; Hasani, M.; Nooreddini, S.S.

doi:10.22056/ijir.2014.01.01

Document Type : Original Research Paper

Authors

¹ Department of Economic Sciences, Tarbiat Modares University, Tehran, Iran

² Department of Economics and Electronic Commerce, University of Tehran, Iran

https://doi.org/10.22056/ijir.2014.01.01

Abstract

The impact of the insurance industry as a financial sector that provides services related to risk management is one of the important issues in the field of the impact of the financial sector on economic growth. In this research, the impact of important insurance indicators on economic growth in OPEC member countries during the period of 1990 to 2009 has been investigated. For this purpose, the generalized torque dynamic panel method has been used. Also, two indices of insurance penetration and per capita insurance premium have been used as two important insurance indices.

The results of the estimation of the model indicate that there is a positive relationship with weak significance between insurance penetration and economic growth in OPEC member countries. But no significant relationship was observed between the per capita insurance premium and economic growth in these countries.

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Iranian Journal of Insurance Research

The impact of insurance indices on economic growth among OPEC countries using dynamic panel model through GMM method

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Volume 3, Issue 1 - Serial Number 7
January 2014
Pages 1-12

The impact of insurance indices on economic growth among OPEC countries using dynamic panel model through GMM method

References

References

Letters to Editor

Send comment about this article

Volume 3, Issue 1 - Serial Number 7January 2014Pages 1-12

Volume 3, Issue 1 - Serial Number 7
January 2014
Pages 1-12