The Economic Significance of Insurance Markets in Developing Countries
研究了55个发展中国家财产责任保险保费与经济和金融发展的关系，发现保险市场在金融发展中具有供给引导作用。
The importance of the relationship between financial development and economic growth is recognized in the economic literature. Recent evidence suggests that the developing countries have a supply-leading causality pattern of development. Property-Liability insurance like other financial services has grown in quantitative importance as part of the general development of financial institutions. This article investigates empirically the relationship between property-liability insurance premiums and economic and financial development. A model is specified for property-liability insurance demand and it is tested with a cross-section of 55 developing countries.