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Beyond the S-curve : Insurance Penetration, Institutional Quality and Financial Market Development (Английский)

This paper provides new evidence of factors, other than GDP per capita, that correlate with the development of insurance markets. Based on 20 years of insurance premium data from 180 countries, and a similar wealth of data on institutions and financial market development, the paper presents important correlates of insurance market development. Although the analysis cannot identify which factors directly cause insurance market growth, the results suggest...
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