Insurance penetration and economic growth in Africa: Dynamic effects analysis using Bayesian TVP-VAR approach

This paper examines the dynamic interactions between insurance and economic growth in eight African countries for the period of 1970–2013. Insurance demand is measured by insurance penetration which accounts for income differences across the sample countries. A Bayesian Time Varying Parameter Vector...

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Bibliographic Details
Main Authors: D.O. Olayungbo, A.E. Akinlo
Format: Article
Language:English
Published: Taylor & Francis Group 2016-12-01
Series:Cogent Economics & Finance
Subjects:
Online Access:http://dx.doi.org/10.1080/23322039.2016.1150390