The relationship between insurance and economic growth in Europe: a theoretical and empirical analysis

Haiss, Peter; Sümegi, Kjell

doi:10.1007/s10663-008-9075-2

Cited by 258 publications

(231 citation statements)

References 41 publications

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“…These results are in line with those presented by Haiss and Sümegi (2008). Using data for 29 European countries between 1992 and 2005, these authors assessed the relationship between insurance and growth excluding the financial sector.…”

Section: A Insurance Use and Economic Growthsupporting

confidence: 84%

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Insurance use and economic growth in Latin America. Some panel data evidence

Concha

Taborda

2014

Lec Econ

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Section: A Insurance Use and Economic Growthsupporting

confidence: 84%

“…The studies that include the insurance sector are more recent (among them Webb, Grace and Skipper, 2002;Haiss and Sümegi, 2008;Arena, 2008). The basic finding has been the existence of a positive relationship between the financial and insurance sectors and economic growth; however, no agreement on a causal relationship has been reached.…”

Section: Introductionmentioning

confidence: 99%

Insurance use and economic growth in Latin America. Some panel data evidence

Concha

Taborda

2014

Lec Econ

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“…The authors whose works relate to the definition of the relationship between openness and the growth of the economy are Arena M. [1], Haiss P., Sumegi K. [3], Kjosevski J. [4], Skipper H. D. [8]. Among the domestic scientists who studied the problem of openness of the insurance market and investigated its impact on the economic growth of the country as a whole there are Bazylevych V. D. [12], Hamankova O.O., Osadets S.S., Artiukh T.M.…”

Section: Literature Reviewmentioning

confidence: 99%

Openness of the insurance market for foreign entities: methodology and experience of Ukraine

Vieriezubova¹,

Levchenko²

2017

FMIR

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The article is devoted to the development of methodical tools for determining the level of openness of the insurance market in Ukraine. The proposed level of openness of the insurance market of Ukraine should be considered as an opportunity (potential) for domestic insurers to interact effectively with foreign investors and financial intermediaries. It has been established that the mathematical tool for realizing the task should be a gravity modeling, which, taking into account the inflow and outflow of the characteristics of the openness of the insurance market of Ukraine, allows us to determine the degree of its remoteness from the insurance markets of Europe and the World. It is proved that the openness of the insurance market of Ukraine serves not only as an indicator of the level of readiness of the interaction of domestic financial intermediaries with foreign entities, but also fully characterizes the infrastructural level of the Ukrainian insurance market.

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“…Ward and Zurbruegg (2000) studied the 1961-1996 periods of OECD countries, found the granger reason of economic growth of the insurance sector for some countries but there was no situation for the other countries. Haiss and Sümegi (2008) Boon (2005) studied Singapore market and coincided a unidirectional causality from insurance to GDP. Nejad and Kermani (2012) studied Iranian market and coincided a unidirectional causality from the development of insurance sector to economic growth.…”

Section: Introductionmentioning

confidence: 99%