Insurance-growth nexus in Ghana: An autoregressive distributed lag boundscointegration approach

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dc.contributor.author Alhassan, A.L.
dc.contributor.author Fiador, V.
dc.date.accessioned 2018-08-17T11:34:01Z
dc.date.available 2018-08-17T11:34:01Z
dc.date.issued 2014
dc.identifier.citation Alhassan, A.L.,& Fiador,V,(2014).Insurance-growth nexus in Ghana: An autoregressive distributed lag boundscointegration approach.Review of Development Science,4,83-96. en_US
dc.identifier.other http://dx.doi.org/10.1016/j.rdf.2014.05.003
dc.identifier.uri http://ugspace.ug.edu.gh/handle/123456789/23877
dc.description Research Article en_US
dc.description.abstract This paper examines the long-run causal relationship between insurance penetration and economic growth in Ghana from 1990 to 2010. Usingthe autoregressive distributed lag (ARDL) bounds approach to cointegration by Pesaran et al. (1996, 2001), the study finds a long-run positiverelationship between insurance penetration and economic growth which implies that funds mobilized from insurance business have a long run impacton economic growth. A unidirectional causality was found to run from aggregate insurance penetration, life and non-life insurance penetration toeconomic growth to support the ‘supply-leading’ hypothesis. The findings have implications for insurance market development in Ghana. en_US
dc.language.iso en en_US
dc.publisher Elsevier - Science Direct (Review of Development Finance) en_US
dc.relation.ispartofseries vol.4;
dc.subject Insurance en_US
dc.subject Economic growth en_US
dc.subject ARDL en_US
dc.subject Causality en_US
dc.subject Ghana en_US
dc.subject Africa en_US
dc.title Insurance-growth nexus in Ghana: An autoregressive distributed lag boundscointegration approach en_US
dc.type Article en_US


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