Click here for search results
Insurance and inclusive growth, Volume 1
 
Author:Lester, Rodney; Country:World;
Date Stored:2014/06/24Document Date:2014/06/01
Document Type:Policy Research Working PaperSubTopics:Climate Change Economics; Debt Markets; Banks & Banking Reform; Insurance & Risk Mitigation; Insurance Law
Language:EnglishRegion:The World Region
Report Number:WPS6943Collection Title:Policy Research working paper ; no. WPS 6943
Volume No:1  

Summary: While the real sector and governments (along with a few micro economists) have long recognized the core economic role that the insurance function plays, the mainstream economics profession has largely treated it as invisible background. This literature review of the relevant research, most of which has been carried out in the past few decades, demonstrates that the insurance sector contributes at a basic level to inclusive economic growth and the effectiveness of the credit function. It also shows that the latter impact may be particularly fundamental in assisting the poor to avoid poverty traps and to progress economically. However, the research and the theoretical models underpinning it also highlight certain constraints to the efficient utilization of the insurance function. The literature dealing with innovations designed to overcome these constraints is reviewed and successful initiatives and remaining challenges are identified.

Official Documents
Official, scanned versions of documents (may include signatures, etc.)
File TypeDescriptionFile Size (mb)
PDF 50 pagesOfficial version*3.5 (approx.)
TextText version**
How To Order

* The official version is derived from scanning the final, paper copy of the document and is the official,
archived version including all signatures, charts, etc.
** The text version is the OCR text of the final scanned version and is not an accurate representation of the final text.
It is provided solely to benefit users with slow connectivity.



Permanent URL for this page: http://go.worldbank.org/IVI7V7EAN0