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Insurance and Economic Growth : The Case of Iran’s Economy
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Esfandiar Jahangard *   |
| , ejahangard@gmail.com |
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Abstract: (16118 Views) |
| This paper examines the role of insurance industry in the economic growth of Iran, by using a hypothetical extraction method (HEM). To estimate the causality relationship(Toda and Yamoto Test), the time series analysis for (1967-2007) period Input-Output tables of 1986 and 2001 are used. The results show the existence of a one way relationship from insurance to economic growth, but only for non-life insurance. However, no relationship is observed for life insurance. This finding indicates the insignificant role of insurance sector in Iran’s economic growth. |
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| Keywords: Life and Non- life Insurance, Economic Growth, Causality Test, Hypothetical Extraction Method (HEM) |
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Full-Text [PDF 515 kb]
(6812 Downloads)
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Type of Study: Research |
Subject:
General
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