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G. Fink, P. Haiss and S. Hristoforova, “Credit, Bonds and Stocks in Seven Large Economies,” 16th Asian Finance Association Conference (AsianFa) on “Role of Capital Markets in Wealth Creation and Prosperity”, Kuala Lumpur, July 2005, Asian FA 2005 Conference CD Paper No. 29. http://fgr.wuwien.ac.at/institut/ef/nexus.html

has been cited by the following article:

• TITLE: Relationship between Insurance and Economic Growth in Sub-Saharan African: A Panel Data Analysis

  AUTHORS: Taiwo Akinlo, Olumuyiwa Tolulope Apanisile

  KEYWORDS: Insurance Sector; Economic Growth; Panel Data Analysis

  JOURNAL NAME: Modern Economy, Vol.5 No.2, February 19, 2014

  ABSTRACT: This study examined the relationship between insurance and economic growth in sub-Saharan Africa over the period 1986-2011. Pooled OLS, Fixed Effect Model and Generalized Method of Moment Panel Model were employed in the estimation. The estimations of the dynamic panel-data results show that insurance has positive and significance impact on economic growth in sub-Saharan Africa. This shows that premium contributes to economic growth in sub-Saharan Africa which means that a well-developed insurance sector is necessary for the economic development, as it provides long-term investments for economic growth and simultaneously strengthening risk-taking abilities. The results also show that human capita has positive significant impact on economic growth. Openness and interest rate have negative and statistical significant on economic growth.