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Does insurance‐growth nexus hold for Malaysia?
Author(s) -
Anwer Zaheer,
Ahad Muhammad,
Imran Muhammad
Publication year - 2019
Publication title -
asian‐pacific economic literature
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.232
H-Index - 21
eISSN - 1467-8411
pISSN - 0818-9935
DOI - 10.1111/apel.12273
Subject(s) - nexus (standard) , cointegration , human capital , economics , production (economics) , capital (architecture) , business , macroeconomics , economic growth , econometrics , geography , archaeology , computer science , embedded system
The study investigates the impact of insurance activities on economic growth in Malaysia over the period 1990–2015. Combined cointegration in the presence of identified structural breaks was used to confirm the existence of long‐run relationships among economic growth, insurance activities, human capital, physical capital, and industrial production. The findings indicate feedback effects between insurance activities and economic growth in the long run. The study provides new insights for policymaking to enhance economic growth via insurance activities.