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Wanat Stanisław (Cracow University of Economics, Poland / Kolegium Ekonomii, Finansów i Prawa), Papież Monika (Cracow University of Economics, Poland / Kolegium Ekonomii, Finansów i Prawa), Śmiech Sławomir (Cracow University of Economics, Poland / Kolegium Ekonomii, Finansów i Prawa)
Insurance Market Development and Economic Growth in Transition Countries: Some New Evidence Based on the Bootstrap Panel Granger Causality Test
Argumenta Oeconomica, 2019, nr 1 (42), s. 213-233, rys., tab., bibliogr. 42 poz.
Argumenta Oeconomica
Słowa kluczowe
Rynek ubezpieczeniowy, Wzrost gospodarczy
Insurance market, Economic growth
Klasyfikacja JEL: C33, G22, O16
summ., The publication was financed by the research funds granted to the Faculty of Management at Cracow University of Economics (the second and third author) and the Faculty of Finance and Law at Cracow University of Economics (the first author), within the framework of the subsidy for the maintenance of research potential.
Unia Europejska (UE)
European Union (EU)
The purpose of this paper is to investigate causal relations between the insurance market development and economic growth in ten transition European Union member countries in the period between 1993 and 2013. The analysis is conducted with the use of the bootstrap panel causality approach proposed by Kónya (2006), which allows for the simultaneous inclusion of both cross-sectional dependence and country-specific heterogeneity. Various types of dependencies between economic growth and the insurance market development (both in terms of the global insurance market and in the division into life insurance and non-life insurance) are identified in the study, and these findings confirm the results obtained in the majority of other papers which report differences in the role of insurance and the benefits various economies derive from the insurance market.(original abstract)
Dostępne w
Biblioteka Główna Uniwersytetu Ekonomicznego w Krakowie
Biblioteka Szkoły Głównej Handlowej w Warszawie
Biblioteka Główna Uniwersytetu Ekonomicznego w Katowicach
Biblioteka Główna Uniwersytetu Ekonomicznego we Wrocławiu
Pełny tekst
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