The Relationship Between Insurance and Economic Growth

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dc.authoridÇanakcı, Mehmet/0000-0002-3878-562X
dc.authoridzeren, fatma/0000-0002-1661-3587
dc.authorwosidÇanakcı, Mehmet/AAJ-8649-2020
dc.authorwosidzeren, fatma/ABI-7393-2020
dc.contributor.authorSenol, Zekai
dc.contributor.authorZeren, Fatma
dc.contributor.authorCanakci, Mehmet
dc.date.accessioned2024-08-04T20:49:04Z
dc.date.available2024-08-04T20:49:04Z
dc.date.issued2020
dc.departmentİnönü Üniversitesien_US
dc.description.abstractInsurance business has several important functions within the economic structure such as providing insurance through the premiums collected by the insurance companies against the risks for the economic structure, managing these premiums collected through using the financial institutional role, risk management and transfer of the premiums into productive areas. While continuing on its activities, insurance business also enhances the economic development. In this study, a research on the relationship between insurance business and economic growth was conducted by using the data from 36 countries from the period between the years 1985-2018. Results of the panel causality test introduced by Dumitrescu and Hurlin (2012) indicated that there is a mutual causality between life insurance business and economic growth & a one-way causality from economic growth to the non-life insurance business. These results bring the conclusions that rather than the non-life insurance business, life insurance business brings contributes more to the economic growth with the long term and regular resources that it provides.en_US
dc.identifier.doi10.14254/1800-5845/2020.16-4.12
dc.identifier.endpage155en_US
dc.identifier.issn1800-5845
dc.identifier.issn1800-6698
dc.identifier.issue4en_US
dc.identifier.scopus2-s2.0-85095845691en_US
dc.identifier.scopusqualityQ2en_US
dc.identifier.startpage145en_US
dc.identifier.urihttps://doi.org/10.14254/1800-5845/2020.16-4.12
dc.identifier.urihttps://hdl.handle.net/11616/99621
dc.identifier.volume16en_US
dc.identifier.wosWOS:000590139700012en_US
dc.identifier.wosqualityN/Aen_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.indekslendigikaynakScopusen_US
dc.language.isoenen_US
dc.publisherEconomic Laboratory Transition Research Podgorica-Eliten_US
dc.relation.ispartofMontenegrin Journal of Economicsen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.subjectInsuranceen_US
dc.subjectEconomic Growthen_US
dc.subjectPanel Causalityen_US
dc.titleThe Relationship Between Insurance and Economic Growthen_US
dc.typeArticleen_US

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