Data on Risk Management Reported by Researchers at Shih Chien University (Financial Development, Life Insurance and Growth: Evidence From 17 European Countries): Risk Management

2021 NOV 01 (NewsRx) -- By a News Reporter-Staff News Editor at Insurance Daily News -- Current study results on Risk Management have been published. According to news originating from Taipei, Taiwan, by NewsRx correspondents, research stated, “This study constructs a simple model to demonstrate that life insurance and financial development simultaneously affect economic growth. We provide empirical evidence on the model’s critical prediction.”

Financial support for this research came from NSC (Ministry of Since and Technology, Taiwan).

Our news journalists obtained a quote from the research from Shih Chien University, “By analysing panel data for 17 advanced European countries from 1980 to 2015, the results show that the effect of private credit on real economic growth is negative in both the long and short run. The negative finance-growth nexus may be due to excessive financing in European countries. The financial crises that occurred during the study period may also have contributed to the negative effects. We find that an increase in the consumption of life insurance is a viable and long-term policy since life insurance penetration promotes long-term economic growth but is not obvious in the short term.”

According to the news editors, the research concluded: “Finally, life insurance development is a panacea in the finance-growth nexus since it not only helps moderate long-term real growth volatility but also absorbs the side effect of private credit on real economic growth.”

This research has been peer-reviewed.

For more information on this research see: Financial Development, Life Insurance and Growth: Evidence From 17 European Countries. The Geneva Papers on Risk and Insurance Issues and Practice, 2021. The Geneva Papers on Risk and Insurance Issues and Practice can be contacted at: Palgrave Macmillan Ltd, Brunel Rd Bldg, Houndmills, Basingstoke RG21 6XS, Hants, England.

The news correspondents report that additional information may be obtained from Han Hou, Shih Chien University, Dept. of Finance & Banking, 70 Dazhi St, Taipei 10462, Taiwan.

The direct object identifier (DOI) for that additional information is: https://doi.org/10.1057/s41288-021-00247-1. This DOI is a link to an online electronic document that is either free or for purchase, and can be your direct source for a journal article and its citation.

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