The Relation between Insurance Development and Economic Growth in Iran | Theoretical and Empirical study

Sanam Aghassi Kermani (u. a.)

ISBN 10: 3659227080 / ISBN 13: 9783659227080

Published by LAP Lambert Academic Publishing, 2012

About this Item

The Relation between Insurance Development and Economic Growth in Iran | Theoretical and Empirical study | Sanam Aghassi Kermani (u. a.) | Taschenbuch | Englisch | LAP Lambert Academic Publishing | EAN 9783659227080 | Verantwortliche Person für die EU: preigu GmbH & Co. KG, Lengericher Landstr. 19, 49078 Osnabrück, mail[at]preigu[dot]de | Anbieter: preigu.

Seller Inventory # 106305698

Bibliographic Details

• Title: The Relation between Insurance Development and Economic Growth in Iran | Theoretical and Empirical study
• Publisher: LAP Lambert Academic Publishing
• Publication Date: 2012
• Language: English
• ISBN 10: 3659227080
• ISBN 13: 9783659227080
• Binding: Taschenbuch
• Condition: Neu
• Seller catalogs:
  • Bücher

About this title

Synopsis

The role of the insurance sector and links into other financial sectors have grown in importance. The importance of financial institutions in economic growth, especially the role of stock markets and banks is greatly discussed in both theoretical and empirical studies, but the insurance sector has not received ample attention in this respect. We fill this gap by reviewing theory and empirical evidence and identify channels of influence. This book examines the existence of casual relation between insurance sector development and economic growth in Iran for the period 1960-2010. In this investigation we apply the Augmented Dickey-Fuller Unit Root test, the Johansen’s Co-integration test and the Granger Causality Wald test based on Vector Auto Regression (VAR) model. According to our findings, there is a unidirectional causality relation from insurance development to economic growth. Therefore, insurance development is an important prerequisite for stimulating economic growth in Iran.The analysis should be useful to students and researchers in Economics and Management fields, and all institutions that are active in the economic development field, particularly insurance companies.

About the Author

Sanam Aghassi Kermani, M.A., Economics, Insurance and Economic Growth, Payame Noor University, Lecturer of Economics, Iran, Kerman