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AuthorHemrit, Wael
AuthorBenlagha, Noureddine
Available date2023-01-18T08:39:00Z
Publication Date2020
Publication NameApplied Economics
ResourceScopus
URIhttp://dx.doi.org/10.1080/00036846.2019.1673300
URIhttp://hdl.handle.net/10576/38554
AbstractIn 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.
SponsorThis 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.
Languageen
PublisherRoutledge
SubjectInsurance premiums
NARDL
non-oil GDP
TitleAsymmetric impacts of insurance premiums on the non-oil GDP: some new empirical evidence
TypeArticle
Pagination1363-1376
Issue Number12
Volume Number52
dc.accessType Abstract Only


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