Muyea, Ibrahim Muhammad and Hassan, Ahmad Fahmi Shiekh,(2016), Does Islamic Insurance Development Promote Economic Growth? A Panel Data Analysis. , Procedia Economics and Finance 35 ( 2016 ) 368 – 373, UNSPECIFIED
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Abstract
This paper examines the impact of Islamic insurance development on economic growth. The Islamic insurance market has been
experiencing tremendous growth in its activities since inception, particularly in the ASEAN and GCC markets. Using the
difference GMM estimation technique for dynamic panel data model for a set of 22 countries for the period 2004 to 2012, we
find a strong evidence of a positive and significant effect from the Islamic insurance activities on economic growth. We further
find a robust positive and significant link between trade and economic growth, a positive but insignificant relationship between
CPI and economic growth while government consumption show a negative relation. Our result provides further support for the
supply-leading hypothesis in the finance growth literature.
Keywords : | Financial Development; Economic Growth; Islamic Insurance, UNSPECIFIED |
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Journal or Publication Title: | Procedia Economics and Finance 35 ( 2016 ) 368 – 373 |
Volume: | 35 |
Number: | UNSPECIFIED |
Item Type: | Article |
Subjects: | Ekonomi Islam |
Depositing User: | Nila Nurjanah |
Date Deposited: | 19 Dec 2019 05:24 |
Last Modified: | 19 Dec 2019 05:24 |
URI: | https://repofeb.undip.ac.id/id/eprint/396 |