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Dynamic Effects of Financial Institutions on Economic Growth with an Emphasis on Insurance Market; Evidence from Developed and Developing Countries

hossien amiri; raheleh heidari

Volume 19, Issue 75 , January 2020, , Pages 109-147

https://doi.org/10.22054/joer.2019.11633

Abstract
  This study presents new evidence on the effects of life insurance, banking and capital market on economic growth in 18 developed and 20 developing countries using Generalized Method of Moments (GMM) approach to dynamic panel data method for years 2000-2016. The results show that in developed countries ...  Read More