Exploring the dynamic nexus between life insurance, governance, and economic development in OECD and MENA countries: a system-generalized method of moments analysis

IF 2.2 Q2 DEVELOPMENT STUDIES

World Development Perspectives Pub Date : 2025-12-01 Epub Date: 2025-10-24 DOI:10.1016/j.wdp.2025.100745

Ines Nasri , Imen Ghannouchi , Saloua Ben Ammou

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引用次数: 0

Abstract

This paper aims to elucidate the connection between insurance and economic growth, with a particular focus on the significance of institutional governance factors. To achieve this objective, two distinct samples from different regions are employed. The first region encompasses developed countries, referred to as the OECD region, while the second region comprises developing countries, denoted as the MENA region. Both static and dynamic analyses are conducted, utilizing Ordinary Least Squares (OLS) and Generalized Method of Moments (GMM) models for both samples. The principal findings indicate that life insurance penetration has a positive and significant impact on economic growth in OECD countries. Similarly, government effectiveness positively and significantly influences economic growth in these nations. For the MENA region, it was found that regulatory quality and the rule of law have a positive and significant effect on economic development.

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探索经合组织和中东和北非国家人寿保险、治理和经济发展之间的动态联系：一种系统广义矩分析方法

本文旨在阐明保险与经济增长之间的联系，并特别关注制度治理因素的意义。为了实现这一目标，采用了来自不同地区的两个不同样本。第一个区域包括发达国家，称为经合发组织区域，而第二个区域包括发展中国家，称为中东和北非区域。采用普通最小二乘（OLS）和广义矩量法（GMM）模型对两个样本进行了静态和动态分析。研究结果表明，寿险渗透率对经合组织国家的经济增长具有显著的正向影响。同样，政府效率对这些国家的经济增长也有积极而显著的影响。对于中东和北非地区，我们发现监管质量和法治对经济发展有积极而显著的影响。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

World Development Perspectives Social Sciences-Sociology and Political Science

CiteScore

4.50

自引率

0.00%

发文量

审稿时长

84 days

期刊介绍： World Development Perspectives is a multi-disciplinary journal of international development. It seeks to explore ways of improving human well-being by examining the performance and impact of interventions designed to address issues related to: poverty alleviation, public health and malnutrition, agricultural production, natural resource governance, globalization and transnational processes, technological progress, gender and social discrimination, and participation in economic and political life. Above all, we are particularly interested in the role of historical, legal, social, economic, political, biophysical, and/or ecological contexts in shaping development processes and outcomes.