Empirical Analysis of Insurance Consolidation and the Economic Growth in Nigeria
Journal Title: International Journal of Empirical Finance - Year 2013, Vol 1, Issue 3
Abstract
The study is prompted by the need to understand the relationship between the insurance consolidation and the growth of the Nigerian economy, between the period 1990-2012. Data was sourced from Annual report of National insurance commission NAICOM and central bank of Nigeria (CBN) and was analyzed using some econometrics modeling test. The results of the study revealed that the components of insurance consolidation were positively and significantly correlated with GDP growth in Nigeria. The VEC model confirmed short term and long term co-integration between insurance consolidation and economic growth in Nigeria. the Granger causality test revealed a dual causality between the overall variables and economic growth. The study further suggest that since the trend of macroeconomic variables were stable over the years, government should embark on more realistic insurance policy implementation for faster economic growth in Nigeria.
Authors and Affiliations
Onuorah Anastasia Chi-Chi, Nneka B. Charles-Anyaogu
Keywords
Related Articles
- EP ID EP27132
- DOI -
- Views 416
- Downloads 12
Effect of Government Accounting Standards of Quality of Financial Statements and Implications on Local Government Accountability Performance: A Case Study in the Department Pekanbaru
This study aims to determine how much influence the implementation of Governmental Accounting Standards for Quality of Local Government Finance Report and Its Implications on the performance Accountability Office Pekan...
Determinants of Macedonian Banks Efficiency
The purpose of this paper is to determinate the influence of risk management on efficiency of Macedonian banks. A regression models have been created where technical, pure technical and scale efficiency estimates are u...
Investigating the Effect of Government Ownership on Return on Asset and Economic Value Added in Listed Companies of Tehran Stock Exchange (TSE)
Formerly, government economy was preferred to non-government economy. However, due to the occurrence of problems such as excessive bureaucracy, poor management system, the lack of a proper assessment system and work mo...
Bootstrap for Value at Risk Prediction
We evaluate the predictive performance of a variety of value-at-risk (VaR) models for a portfolio consisting of five assets. Traditional VaR models such as historical simulation with bootstrap and filtered historical s...
Participation in the Tontine: Profiles and Determinants, Microeconometric Analysis Applied to Moroccan Data
In Morocco, the banking rates remain generally at unsatisfactory levels, with the exclusion of a large part of population from the formal financial systems due to purely religious reasons as well as its complexity and...