مجلة البشائر الاقتصادية
Volume 6, Numéro 1, Pages 956-970
2020-05-30
The Relationship Between Insurance Sector And Economic Growth In Morocco: An Ardl Approach.
Authors : Abdelaali Mouloudi .
Abstract
This paper investigates the effect and causality between insurance sector and economic growth in Morocco using ARDL models and time series data for the period 1980-2017. In the long run, there is cointegration between variables in each model and a significant positive effect of Total insurance premiums and life insurance premiums on real GDP. In the short run, there is a positive and significant effect of non-life insurance premiums on economic growth versus a negative effect of life insurance premiums. Granger causality test supports the supply-leading hypothesis by showing a unidirectional causal relationship running from insurance towards economic growth.
Keywords
ARDL models ; cointegration ; insurance premiums ; Granger causality test ; supply-leading hypothesis
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