مجلة الإستراتيجية والتنمية
Volume 10, Numéro 1, Pages 272-287
2020-01-01

The Effect Of Insurance Sector Development On Economic Growth In Algeria.

Authors : Mouloudi Abdelaali .

Abstract

This paper investigates the effect of insurance sector on economic growth in Algeria using ARDL models and time series data for the period of 1980-2017. In the long run, all variables are cointegrated where a significant positive effect of non-life insurance premiums is found with an insignificant effect of life insurance premiums growth on real GDP. In the short run, there is a significant negative effect of non-life-insurance premiums and a significant negative effect of inflation on economic growth. The negative significant error correction term ECT means a 89.89% of the long run disequilibriums are corrected each year.

Keywords

life insurance ; non-life insurance ; cointegration