Insurance-Growth Nexus: Aggregation and Disaggregation |
ZULFIQAR, Umera
(University of Huddersfield)
MOHY-UL-DIN, Sajid (University of Lahore) ABU-RUMMAN, Ayman (Business School, Al-Ahliyya Amman University) AL-SHRAAH, Ata E.M. (The Hashemite University) AHMED, Israr (School of Business Management, Universiti Utara Malaysia) |
1 | State Bank of Pakistan. (2003). Review of Insurance Industry. In: Pakistan: Financial Sector Assessment (pp. 95-108). |
2 | State Bank of Pakistan. (2010). 6 Performance and Stability Review of the Insurance Sector. Banking, Financial Stability Review. Karachi, Pakistan: SBP. |
3 | State Bank of Pakistan. (2008). Banking Sector reform---A Vision and Strategy for the Next 10 Years. Karachi, Pakistan: SBP. |
4 | State Bank of Pakistan. (1994). Chapter XIII Import. Karachi, Pakistan: SBP. |
5 | State Bank of Pakistan. (2002). State Bank of Pakistan. Retrieved June 18, 2012, from Chapter XIII: www.sbp.org.pk/fe_manual/chapters/chapter13.htm |
6 | Thirlwall, A. P. (2003). Growth & Development with Special Reference to Developing Economies (7th ed.). Kundil, India: Palgrave Macmillan. |
7 | Thirlwall, A. P. (2000). Trade, Trade Liberalisation and Economic Growth: Theory and Evidence. Abidjan, Cote d'Ivoire: The African Development Bank. |
8 | Ward, D., & Zurbruegg, R. (2000). Does Insurance Promote Economic Growth? Evidence from OECD Countries. The Journal of Risk and Insurance, 67(4), 489-506. DOI |
9 | Wilier, A. H. (1951). The Economic Theory And Insurance. Philadelphia, PA: The S.S. Huebner Foundation for Insurance Education. |
10 | Zaidi, S. A. (2000). Issues in Pakistan's economy (3rd ed.). Karachi, Pakistan: Ameena Saiyid. |
11 | Arena, M. (2006). Does Insurance Market Activity Promote Economic Growth? A Cross-Country Study for Industrialized and Developing Countries. World Bank Policy Research Working Paper 4098. Washington, DC: World Bank. |
12 | Barro, R. J. (1996). Determinants of Economic Growth: A CrossCountry Empirical Study. National Bureau of Economic Research, 1-36. |
13 | Beck, T., & Webb, L. (2002). Economic, DemoGraphic, and Institutional Determinants of Life-Insurance Consumption Across Countries. The World Bank Economic Review, 17(1), 51-88. DOI |
14 | Borenszteina, E., Gregoriob, J. D., & Lee, J.-W. (1998). How Does Foreign Direct Investment Affect Economic Growth? Journal of International Economics, 45, 115-135. DOI |
15 | Bohm, A., & Tumova, K. (2009). New Challenges of Export Credit Insurance in Current Economic Situation. In: A. Kocourek (Ed.), Liberec Economic Forum (pp. 66-73). Liberec, Czech Republic: Technical University of Liberec. |
16 | Brainard, L. (2008, January). What is the Role of Insurance in Economic Development? Zurich Government and Industry Affairs Thought Leadership Series, pp. 1-11. |
17 | Chaudhary, M. A., & Abe, K. (2000). Pakistan, Japan and ASEAN Trade Relations & Economic Development (A Comparative Analysis). Pakistan Economic and Social Review, 38(2), 193-214. |
18 | Browne, M., & Kim, K. (1993). An International Analysis of Life Insurance Demand. Journal of Risk and Insurance, 60(4), 616-634. DOI |
19 | Catalan, M., Impavido, G., & Musalem, A. R. (2000, Aug). Contractual Savings or Stock Markets Development: Which Leads? Retrieved June Sunday, 2019, from http://elibrary.worldbank.org: http://elibrary.worldbank.org/doi/pdf/10.1596/1813-9450-2421 |
20 | Chang, T., Lee, C.-C., & Chang, C.-H. (2013). Does insurance activity promote economic growth? Further evidence based on bootstrap panel Granger causality test. The European Journal of Finance, 20(12), 1187-1210. DOI |
21 | Chen, B., & Feng, Y. (2000). Determinants of Economic Growth in China: Private Enterprise, Education, and Openness. China Economic Review 11, 1-15. DOI |
22 | Chen, E. K. (1997). The Total Factor Productivity Debate: Determinants of Economic Growth in East Asia. Asian-Pacific Economic Literature, 11(1), 18-38. DOI |
23 | Chishti, M. (1987). Insurance Industry: Policies & Practice in Pakistan (1st ed.). Karachi, Pakistan: Deens Publications. |
24 | Curak, M., & Loncar, S. (2008). Insurance Development and Economic Growth Nexus. Journal of International Research Publication: Economy & Business, 3, 97-112. |
25 | A World Bank Survey. (2009). Trade and Trade Finance Developments in 14 Developing Countries Post September 2008. International Trade Department. Poverty Reduction and Economic Management Network. |
26 | Andersson, L. F., Eriksson, L., & Lindmark, M. (2010). Life insurance and income growth: the case of Sweden 1830-1950. Scandinavian Economic History Review, 58(3), 203-219. DOI |
27 | Ministry of Finance. (2010). The government of Pakistan, Ministry of Finance. Retrieved May 5th, 2012, from http://www.finance.gov.pk/survey/chapter_11/08-Trade%20and%20Payments.pdf |
28 | Levine, R. (1997). Financial Development and Economic Growth: Views and Agenda. Journal of Economic Literature, XXXV, 688-726. |
29 | Levine, R., & Renelt, D. (1992). A Sensitivity Analysis of Cross-Country Growth Regressions. The American Economic Review, 82, 942-963. |
30 | Marrewijk, c. v. (2002). international trade and the world economy (1st ed.). New York, NY: Oxford University Press. |
31 | Ministry of Finance. (2012). Pakistan Debt Policy Statement 2011-12. The government of Pakistan, Debt Policy Coordination Office. |
32 | Njegomir, V., & Stojic, D. (2010). Does Insurance Promote Economic Growth: The Evidence From Ex-Yugoslavia Region. Ekon. Misao I Praksa DBK. God XiX , 1, 31-48. |
33 | Nguyen, C. H. (2020). The Impact of Foreign Direct Investment, Aid and Exports on Economic Growth in Vietnam. Journal of Asian Finance, Economics and Business, 7(10), 581-589. https://doi.org/10.13106/jafeb.2020.vol7.no10.581 DOI |
34 | North, D. C. (1994). Economic Performance through Time. Amercian Economic Review, 84(3), 359-368. |
35 | Petrakos, G., & Arvanitidis, P. (2008). Determinants of Economic Growth. Economic Alternatives, 1, 11-30. |
36 | Pham, M. H., & Doan, T. P. L. (2020). The Impact of Financial Inclusion on Financial Stability in Asian Countries. Journal of Asian Finance, Economics and Business, 7(6), 47-59. https://doi.org/10.13106/jafeb.2020.vol7.no6.047 DOI |
37 | Saunders, A., & Cornett, M. M. (2008). Financial Institution Management; A Risk Management Approach (6th ed.). New York, NY: McGraw-Hill/Irwin. |
38 | Ratnawati, K. (2020). The Impact of Financial Inclusion on Economic Growth, Poverty, Income Inequality, and Financial Stability in Asia. Journal of Asian Finance, Economics and Business, 7(10), 73-85. https://doi.org/10.13106/jafeb.2020.vol7.no10.073 DOI |
39 | Rejda, G. E. (2003). Principles of Risk Management and Insurance (8th ed.). Dehli, India: Pearson Education. |
40 | Ruiz, J. L. (2018). Financial development, institutional investors, and economic growth. International Review of Economics and Finance, 54, 218-224. DOI |
41 | Securities and Exchange Commission of Pakistan. (2010). How Insurance Works for you. SECP, Insurance Division. Karachi: SECP, Insurance Division. |
42 | Security and Exchange Commision of Pakistan. (2000). Insurance Ordinance, 2000. Law Division. Islamabad: SECP. |
43 | Skipper, H. D. (2002). Foreign Insurers in Emerging Markets: Issues and Concerns. Washington, DC: International Insurance Foundation. |
44 | Dash, S., Pradhan, R. P., Maradana, R. P., Gaurav, K., Zaki, D. B., & Jayakumar, M. (2018). Insurance market penetration and economic growth in Eurozone countries : Time series evidence on causality. Future Business Journal, 4(1), 50-67. DOI |
45 | Din, S. M., Mughal, K. S., & Farooq, U. (2013). Impact of Cost of Marine and General Insurance on International Trade and Economic Growth of Pakistan. World Applied Sciences Journal, 28(5), 659-671. |
46 | Ege, I., & Bahadir, T. (2011). The Relationship Between Insurance Sector and Economic Growth: An Econometric Analysis. International Journal of Economic Research, 2(2), 1-9. |
47 | Din, S. M. U., Abu-Bakar, A., & Regupathi, A. (2017). Does insurance promote economic growth: A comparative study of developed and emerging/developing economies. Cogent Economics & Finance, 5(1), 1390029 DOI |
48 | Din, S. M. U., Angappan, & Baker, A. A. (2017). Insurance Effect on Economic Growth- Among Economies in Various Phases of Development. Review of International Business and Strategy, 27(4), 501-519. DOI |
49 | Din, S. M. U., Regupathi, A., Abu-Bakar, A., Lim, C. C., & Ahmed, Z. (2020). Insurance-growth nexus: a comparative analysis with multiple insurance proxies. Economic Research-Ekonomska Istrazivanja, 33(1), 604-622. DOI |
50 | Gupta, P., & Aggarwal, V. (2014). An Analysis of Insurance Sector: Penetration Perspective in India. Indian Institute of Foreign Trade. New Delhi: Centre for WTO Studies (CWS). |
51 | Haiss, P. R., & Sumegi, K. (2006). The Relationship between Insurance and Economic Growth - A Theoretical and Empirical Analysis. EcoMod Conference, (pp. 1-38). Hongkong. |
52 | Haiss, P., & Sumegi, K. (2008). The relationship between insurance and economic growth in Europe: a theoretical and empirical analysis. Empirica, 35(4), 405-431. DOI |
53 | Hana, L., Lib, D., Moshirianb, F., & Tian, Y. (2010). Insurance Development and Economic Growth. The Geneva Papers on Risk and Insurance―Issues and Practice, 35, 183-199. DOI |
54 | Horng, M.-S., Chang, Y.-W., & Wu, T.-Y. (2012). Does insurance demand or financial development promote economic growth? Evidence from Taiwan. Applied Economics Letters, 19(2), 105-111. DOI |
55 | Kuznets, S. (1973). Modern Economic Growth: Findings and Reflections. The Amercian Economic Review, 63(3), 247-258. |
56 | Jia, J. Y., Adams, M., & Buckle, M. (2011). The strategic use of corporate insurance in China. The European Journal of Finance, 17(8), 675-694. DOI |
57 | King, R. O. (2008). Ocean Piracy and its Impact on Insurance. In: Congressional Research Service (pp. 1-11). Washington, DC. |
58 | Kugler, M., & Ofoghi, R. (2005). Does Insurance Promote Economic Growth? Evidence from the UK. In: Money Macro and Finance (MMF) Research Group Conference 2005. Money Macro and Finance Research Group. http://repec.org/mmfc05/paper8.pdf |
59 | Insurance Association of Pakistan. (2014, March). IAP. Retrieved June 12, 2014, from http://www.iap.net.pk: http://www.iap.net.pk/Displaypage.aspx?ID=11 |
![]() |