Abstract
We study the role of institutional quality and insurance markets in the economic growth of middle-income countries between 2005 and 2019. Insurance market development consistently explains long- and short-run growth. Institutional quality is a better predictor of long-run growth, but is more erratic regarding sign and significance for short-run growth.
| Original language | English |
|---|---|
| Pages (from-to) | 445-449 |
| Number of pages | 5 |
| Journal | Applied Economics Letters |
| Volume | 30 |
| Issue number | 4 |
| DOIs | |
| State | Published - Oct 14 2021 |
Bibliographical note
Publisher Copyright:© 2021 Informa UK Limited, trading as Taylor & Francis Group.
ASJC Scopus Subject Areas
- Economics and Econometrics
Keywords
- economic growth
- institutional quality
- Insurance markets
- PMG
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