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Institutional quality, insurance markets, and economic growth: evidence from pooled mean group estimation

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  • Rudra P. Pradhan
  • Sahar Bahmani
  • Rebecca Abraham

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.

Suggested Citation

  • Rudra P. Pradhan & Sahar Bahmani & Rebecca Abraham, 2023. "Institutional quality, insurance markets, and economic growth: evidence from pooled mean group estimation," Applied Economics Letters, Taylor & Francis Journals, vol. 30(4), pages 445-449, February.
  • Handle: RePEc:taf:apeclt:v:30:y:2023:i:4:p:445-449
    DOI: 10.1080/13504851.2021.1991561
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    Cited by:

    1. Pradhan, Rudra P. & Bennett, Sara E. & Nair, Mahendhiran S. & Arvin, Mak B., 2023. "Does foreign aid procurement in resource-rich countries depend on these countries’ financial development and institutional quality? Evidence from PVECM and quantile-on-quantile regression," Socio-Economic Planning Sciences, Elsevier, vol. 88(C).

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