Buscar en
Global Economics and Management Review
Toda la web
Inicio Global Economics and Management Review The dynamics of insurance sector development, banking sector development and eco...
Journal Information
Vol. 19. Issue 1.
Pages 16-25 (January - December 2014)
Download PDF
More article options
Vol. 19. Issue 1.
Pages 16-25 (January - December 2014)
DOI: 10.1016/j.gemrev.2015.05.001
The dynamics of insurance sector development, banking sector development and economic growth: Evidence from G-20 countries
Rudra Prakash Pradhana,
Corresponding author

Corresponding author.
, Sahar Bahmanib, Marepalli Uday Kiranc
a Vinod Gupta School of Management, Indian Institute of Technology, Kharagpur 721302, India
b Department of Economics, University of Wisconsin, Parkside, Kenosha, WI 53144, USA
c Department of Electronics and Communication, Birla Institute of Technology, Mesra 835215, India
This item has received
Article information
Full Text
Download PDF
Figures (1)
Tables (7)
Table 1. Definition of variables.
Table 2. Results of panel unit root tests.
Table 3. Results of panel cointegration test.
Table 4. Panel FMOLS and DOLS results.
Table 5. Results of panel granger causality test.
Table 6. The summary of short-run granger causality.
Table A1. Results of panel granger causality test (by replacing BRM with PSC).
Show moreShow less

This paper examines the mutual relationship between banking sector development, insurance sector development, and economic growth in the G-20 countries between 1980 and 2012. Our results demonstrate that there is a long-run equilibrium relationship between these three variables. We then use a panel vector auto-regression model to reveal the nature of Granger causality among these three variables. As expected, we find that both banking sector development and economic growth Granger cause insurance sector development.

Insurance sector development
Banking sector development
Economic growth
G-20 countries
JEL classification:


These are the options to access the full texts of the publication Global Economics and Management Review

If you already have your login data, please click here .

If you have forgotten your password you can you can recover it by clicking here and selecting the option “I have forgotten my password”
Comprar acceso al artículo

Comprando el artículo el PDF del mismo podrá ser descargado

Precio 22,50 €

Comprar ahora
Phone for subscriptions and reporting of errors
From Monday to Friday from 9 a.m. to 6 p.m. (GMT + 1) except for the months of July and August which will be from 9 a.m. to 3 p.m.
Calls from Spain
932 415 960
Calls from outside Spain
+34 932 415 960
Article options
es en pt

¿Es usted profesional sanitario apto para prescribir o dispensar medicamentos?

Are you a health professional able to prescribe or dispense drugs?

Você é um profissional de saúde habilitado a prescrever ou dispensar medicamentos

es en pt
Política de cookies Cookies policy Política de cookies
Utilizamos cookies propias y de terceros para mejorar nuestros servicios y mostrarle publicidad relacionada con sus preferencias mediante el análisis de sus hábitos de navegación. Si continua navegando, consideramos que acepta su uso. Puede cambiar la configuración u obtener más información aquí. To improve our services and products, we use "cookies" (own or third parties authorized) to show advertising related to client preferences through the analyses of navigation customer behavior. Continuing navigation will be considered as acceptance of this use. You can change the settings or obtain more information by clicking here. Utilizamos cookies próprios e de terceiros para melhorar nossos serviços e mostrar publicidade relacionada às suas preferências, analisando seus hábitos de navegação. Se continuar a navegar, consideramos que aceita o seu uso. Você pode alterar a configuração ou obter mais informações aqui.