explorer le dossier racine » Recherche » publications

Direction

  • Publication director
    Vianney Dequiedt
  • Directeur de la rédaction
    Catherine Araujo Bonjean
  • Responsable d’édition
    Mariannick Cornec
  • ISSN
    2114-7957
  • Rechercher une étude et document

    Does Insurance Development Affect the Financial Markets in developing countries?

    Références

  • études et documents
  • 2015 n° 20
  • texte intégral en PDF Texte intégral
  • publié Publié dans International Finance and Banking
  • 17 p.
  • voir sur HAL
    Auteur(s) : SAWADOGO [R] , GUERINEAU [S]
    Abstract / Résumé : This paper investigates the impact of insurance premiums on stock market development in 37 developing countries over the period 1987-2011. By controlling for the potential endogeneity bias, using the System GMM estimator, we show that the insurance premiums significantly increase the stock market total value traded. This result is robust to the use of alternative measure of stock market development and control of the political and legal system quality. In addition, the results highlight that an improvement in property rights promotes the deepening of the financial market. Thus, the results argue for insurance policies promoting and an improvement of the legal environment to benefit from the financial market development.
    Publications Publications :

    Aperçu