Asymmetric impacts of insurance premiums on the non-oil GDP: some new empirical evidence
Author | Hemrit, Wael |
Author | Benlagha, Noureddine |
Available date | 2023-01-18T08:39:00Z |
Publication Date | 2020 |
Publication Name | Applied Economics |
Resource | Scopus |
Abstract | In this paper, we study the influence of insurance premium on the non-oil gross domestic product in Saudi Arabia. We implement the nonlinear autoregressive distributed lags. The results show that the relationships between insurance premiums and non-oil gross domestic product manifest a nonlinear behaviour. In other words, insurance premiums via positive and negative shocks lead to an increase of growth in the non-oil sector in the long term, whereas the lagged level shocks negatively affect the non-oil GDP in the short run. In addition, the examination of the multiplier effect suggests that positive cumulative changes in insurance premiums and inflation can effect much larger changes in non-oil GDP, while shocks in government spending have a symmetric effect on non-oil GDP growth. 2019, 2019 Informa UK Limited, trading as Taylor & Francis Group. |
Sponsor | This work was supported by the Macroeconomic Forecasting Chair (SMFChair). Acknowledgment: We greatly appreciate the financial support by the Shiekh Al-Fouzan Saudi Macroeconomic forecasting Chair (SMFChair), at Imam University, Riyadh, Saudi Arabia. We thank the director of the chair Dr. Khalid Almeshal for his constant encouragement during the course of this work. |
Language | en |
Publisher | Routledge |
Subject | Insurance premiums NARDL non-oil GDP |
Type | Article |
Pagination | 1363-1376 |
Issue Number | 12 |
Volume Number | 52 |
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