Insurance Contribution to Economic Growth in Countries of the West African Economic Monetary Union ( WAEMU ) : A Dynamic Panel Data Approach

Content Provider	Semantic Scholar
Author	Keke, Jean-Claude Sourou Houedokou, Wilfried Pkêdonou
Copyright Year	2013
Abstract	This communication is intended to analyze the contribution of insurance to economic growth in WAEMU countries using panel data over the period 1999 contribution of this sector to economic growth in the WAEMU. The (2005), adopted in this study is better than the Generalized Method of Moments (GMM) for estimating dynamic panels when the sample size is smal ensures a level of growth in the WAEMU. In addition, comparative analysis with and Monetary of Central Africa (ECMCA) WAEMU and ECMCA, while non-life insurance has the opposite effect in both areas. With this result, some actions be undertaken to improve this sector's contribution to economic growth in the WAEMU. Thus, the study suggests: i) draw lessons from t tailored to the needs of populations in terms of guarantees, distribution or ease of access and price tailored ii) develop strategies to increase market shares of countries in the WAEMU for the progressive conquest of part of the population that has not yet subscribed to insurance other than the service "car insurance” and iii) help the actors to work towards the promotion of life insurance guarantee for the future development of companies in the agricultural sector because this sector contributes much Economic growth in EU countries.
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Language	English
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Content Type	Text
Resource Type	Article