SciELO - Scientific Electronic Library Online

 
 issue81Equality of opportunity with categorical dataFinancial bubbles and recent behaviour of the Latin American stock markets author indexsubject indexarticles search
Home Pagealphabetic serial listing  

Services on Demand

Article

Indicators

Related links

  • On index processCited by Google
  • Have no similar articlesSimilars in SciELO
  • On index processSimilars in Google

Share


Lecturas de Economía

Print version ISSN 0120-2596

Abstract

CONCHA, Ángela  and  TABORDA, Rodrigo. Insurance use and economic growth in Latin America. Some panel data evidence. Lect. Econ. [online]. 2014, n.81, pp.31-45. ISSN 0120-2596.

Empirical and theoretical analyses suggest that there is a positive relationship between financial development and economic growth. A higher degree of financial development brings about growth in the long term by means of risk diversification, efficient capital use, increased savings opportunities, and trade of goods and services. As a gear of the financial engine, the insurance industry helps to diversify risk. The authors perform an empirical assessment of the relationship between the use of insurance and economic growth in eleven Latin American countries from 1980 to 2009. From a growth equation specification, a 1% increase in insurance use is associated with a rise in economic growth ranging from 0.17% to 0.44%.

Keywords : Insurance; economic growth; financial development; Latin America.

        · abstract in Spanish | French     · text in English     · English ( pdf )