آی اس آی پیپر

دانلود رایکان مقاله انگلیسی ISI با موضوع ارتباط بین فعالیت های بیمه عمر و رشد اقتصادی

عنوان فارسی مقاله:

ارتباط بین فعالیت های بیمه عمر و رشد اقتصادی: برخی از شواهد جدید

عنوان انگلیسی مقاله:

The link between life insurance activities and economic growth: Some new evidence

دانلود رایگان مقاله ISI با فرمت PDF:

مشاهده توضیحات کامل و خرید ترجمه فارسی با فرمت ورد تایپ شده:

بخشی از مقاله انگلیسی :

3. Methodology

Our econometric methodology proceeds in five steps. First, we implement the SURADF panel unit-root test to ascertain the order of integration for both variables. The sample countries are classified into two groups – I(1) and mixed – according to the results of the SURADF test. Second, to provide a complete analysis of the short-run adjustments and the mean reversion process of the insurance premium, we measure the half-lives and the corresponding confidence intervals when stationarity is confirmed. Third, conditional upon finding that both variables are I(1), we test for panel cointegration using the approach suggested by Pedroni (1999, 2004). Fourth, conditional upon finding a cointegration relationship, we calculate panel DOLS estimates of the coefficients of real GDP per capita. Fifth, we specify and estimate the most appropriate dynamic error correction model (ECM) for heterogeneous panels. Sixth and finally, from the perspective of insurance market activities and economic development policies, it is important to confirm any causality running from the insurance market to economic growth or from economic growth to the insurance market. Thus, we examine the long-run and short-run causal relationships between life insurance and economic growth.