Insurance penetration and economic growth nexus : Cross-country evidence from ASEAN

  • Rudra P. Pradhana, B. Mak Arvinb, +2 authors John Hall
  • Published 2015
This paper investigates whether there are Granger causal relationships between insurance market penetration, broad money, stock-market capitalization, and economic growth, using panel data for the Association of South East Asian Nations (ASEAN) Regional Forum (ARF) countries for the 1988–2012 period. Using a multivariate framework, we show that all the… CONTINUE READING