{"id":"https://openalex.org/W3143339100","doi":"https://doi.org/10.3846/jbem.2021.14287","title":"DOES THE INSURANCE SECTOR REALLY MATTER FOR ECONOMIC GROWTH? EVIDENCE FROM CENTRAL AND EASTERN EUROPEAN COUNTRIES","display_name":"DOES THE INSURANCE SECTOR REALLY MATTER FOR ECONOMIC GROWTH? EVIDENCE FROM CENTRAL AND EASTERN EUROPEAN COUNTRIES","publication_year":2021,"publication_date":"2021-04-01","ids":{"openalex":"https://openalex.org/W3143339100","doi":"https://doi.org/10.3846/jbem.2021.14287","mag":"3143339100"},"language":"en","primary_location":{"id":"doi:10.3846/jbem.2021.14287","doi":"https://doi.org/10.3846/jbem.2021.14287","is_oa":true,"landing_page_url":"https://doi.org/10.3846/jbem.2021.14287","pdf_url":"https://journals.vgtu.lt/index.php/JBEM/article/download/14287/10436","source":{"id":"https://openalex.org/S66524056","display_name":"Journal of Business Economics and Management","issn_l":"2029-4433","issn":["2029-4433","1611-1699"],"is_oa":true,"is_in_doaj":true,"is_core":true,"listed_in":["abdc-b","anvur-scientific","cwts-core","doaj","erih-plus","fnege-4","jufo-1","norway-1","poland-70","russia-white-list-1"],"host_organization":"https://openalex.org/P4310317518","host_organization_name":"Vilnius Gediminas Technical University","host_organization_lineage":["https://openalex.org/P4310317518"],"host_organization_lineage_names":["Vilnius Gediminas Technical University"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Business Economics and Management","raw_type":"journal-article"},"volume":null,"type":"article","is_traditional":true,"indexed_in":["crossref","doaj"],"open_access":{"is_oa":true,"oa_status":"gold","oa_url":"https://journals.vgtu.lt/index.php/JBEM/article/download/14287/10436","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5003013031","display_name":"Y\u0131lmaz Bayar","orcid":"https://orcid.org/0000-0002-6776-6524","observed_orcids":["https://orcid.org/0000-0002-6776-6524"]},"institutions":[{"id":"https://openalex.org/I3133171086","display_name":"Band\u0131rma Onyedi Eyl\u00fcl University","ror":"https://ror.org/02mtr7g38","country_code":"TR","type":"education","lineage":["https://openalex.org/I3133171086"]}],"countries":["TR"],"is_corresponding":false,"raw_author_name":"Yilmaz Bayar","raw_affiliation_strings":["Department of Public Finance, Faculty of Economics and Administrative Sciences, Bandirma Onyedi Eyl\u00fcl University, Band\u0131rma-Bal\u0131kesir, Turkey"],"raw_orcid":"https://orcid.org/0000-0002-6776-6524","affiliations":[{"raw_affiliation_string":"Department of Public Finance, Faculty of Economics and Administrative Sciences, Bandirma Onyedi Eyl\u00fcl University, Band\u0131rma-Bal\u0131kesir, Turkey","institution_ids":["https://openalex.org/I3133171086"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5080285868","display_name":"Marius Dan Gavriletea","orcid":"https://orcid.org/0000-0002-9974-256X","observed_orcids":["https://orcid.org/0000-0002-9974-256X"]},"institutions":[{"id":"https://openalex.org/I3125347698","display_name":"Babe\u0219-Bolyai University","ror":"https://ror.org/02rmd1t30","country_code":"RO","type":"education","lineage":["https://openalex.org/I3125347698"]}],"countries":["RO"],"is_corresponding":false,"raw_author_name":"Marius Dan Gavriletea","raw_affiliation_strings":["Business Department, Faculty of Business, Babe\u015f-Bolyai University, Cluj-Napoca, Romania"],"raw_orcid":"https://orcid.org/0000-0002-9974-256X","affiliations":[{"raw_affiliation_string":"Business Department, Faculty of Business, Babe\u015f-Bolyai University, Cluj-Napoca, Romania","institution_ids":["https://openalex.org/I3125347698"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5077002024","display_name":"Dan Constantin D\u0103nule\u021biu","orcid":"https://orcid.org/0000-0003-2700-7360","observed_orcids":["https://orcid.org/0000-0003-2700-7360"]},"institutions":[{"id":"https://openalex.org/I4210140223","display_name":"1 Decembrie 1918 University","ror":"https://ror.org/04577k168","country_code":"RO","type":"education","lineage":["https://openalex.org/I4210140223"]}],"countries":["RO"],"is_corresponding":false,"raw_author_name":"Dan Constantin Danuletiu","raw_affiliation_strings":["Department of Finance-Accounting, Faculty of Economic Sciences, 1 Decembrie 1918 University, Alba Iulia, Romania"],"raw_orcid":"https://orcid.org/0000-0003-2700-7360","affiliations":[{"raw_affiliation_string":"Department of Finance-Accounting, Faculty of Economic Sciences, 1 Decembrie 1918 University, Alba Iulia, Romania","institution_ids":["https://openalex.org/I4210140223"]}]}],"institutions":[],"countries_distinct_count":2,"institutions_distinct_count":3,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":{"value":600,"currency":"EUR","value_usd":647},"apc_paid":{"value":600,"currency":"EUR","value_usd":647},"fwci":3.0313,"has_fulltext":true,"cited_by_count":34,"citation_normalized_percentile":{"value":0.92108049,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":96,"max":99},"biblio":{"volume":"22","issue":"3","first_page":"695","last_page":"713"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T12394","display_name":"Insurance and Financial Risk Management","score":0.9437999725341797,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T12394","display_name":"Insurance and Financial Risk Management","score":0.9437999725341797,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.02810000069439411,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10393","display_name":"Economic Growth and Productivity","score":0.008700000122189522,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/insurance-industry","display_name":"insurance industry","score":0.8209999799728394},{"id":"https://openalex.org/keywords/economic-growth","display_name":"economic growth","score":0.9980000257492065},{"id":"https://openalex.org/keywords/life-insurance","display_name":"life insurance","score":0.9890000224113464},{"id":"https://openalex.org/keywords/non-life-insurance","display_name":"non-life insurance","score":1.0},{"id":"https://openalex.org/keywords/post-transition-economies","display_name":"post-transition economies","score":0.8569999933242798},{"id":"https://openalex.org/keywords/central-and-eastern-europe","display_name":"Central and Eastern Europe","score":0.9300000071525574},{"id":"https://openalex.org/keywords/structural-breaks","display_name":"structural breaks","score":0.6340000033378601},{"id":"https://openalex.org/keywords/cross-sectional-dependence","display_name":"cross-sectional dependence","score":0.7630000114440918}],"concepts":[{"id":"https://openalex.org/C64357122","wikidata":"https://www.wikidata.org/wiki/Q1149766","display_name":"Causality (physics)","level":2,"score":0.7711043357849121},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.7093562483787537},{"id":"https://openalex.org/C3020299011","wikidata":"https://www.wikidata.org/wiki/Q626608","display_name":"Life insurance","level":2,"score":0.6538557410240173},{"id":"https://openalex.org/C6422946","wikidata":"https://www.wikidata.org/wiki/Q857354","display_name":"Panel data","level":2,"score":0.5989377498626709},{"id":"https://openalex.org/C198531522","wikidata":"https://www.wikidata.org/wiki/Q485146","display_name":"Sample (material)","level":2,"score":0.48417001962661743},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.35925108194351196},{"id":"https://openalex.org/C139719470","wikidata":"https://www.wikidata.org/wiki/Q39680","display_name":"Macroeconomics","level":1,"score":0.33230745792388916},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.2679075002670288},{"id":"https://openalex.org/C162118730","wikidata":"https://www.wikidata.org/wiki/Q1128453","display_name":"Actuarial science","level":1,"score":0.11887016892433167},{"id":"https://openalex.org/C43617362","wikidata":"https://www.wikidata.org/wiki/Q170050","display_name":"Chromatography","level":1,"score":0.0},{"id":"https://openalex.org/C121332964","wikidata":"https://www.wikidata.org/wiki/Q413","display_name":"Physics","level":0,"score":0.0},{"id":"https://openalex.org/C185592680","wikidata":"https://www.wikidata.org/wiki/Q2329","display_name":"Chemistry","level":0,"score":0.0},{"id":"https://openalex.org/C62520636","wikidata":"https://www.wikidata.org/wiki/Q944","display_name":"Quantum mechanics","level":1,"score":0.0}],"mesh":[],"locations_count":3,"locations":[{"id":"doi:10.3846/jbem.2021.14287","doi":"https://doi.org/10.3846/jbem.2021.14287","is_oa":true,"landing_page_url":"https://doi.org/10.3846/jbem.2021.14287","pdf_url":"https://journals.vgtu.lt/index.php/JBEM/article/download/14287/10436","source":{"id":"https://openalex.org/S66524056","display_name":"Journal of Business Economics and Management","issn_l":"2029-4433","issn":["2029-4433","1611-1699"],"is_oa":true,"is_in_doaj":true,"is_core":true,"listed_in":["abdc-b","anvur-scientific","cwts-core","doaj","erih-plus","fnege-4","jufo-1","norway-1","poland-70","russia-white-list-1"],"host_organization":"https://openalex.org/P4310317518","host_organization_name":"Vilnius Gediminas Technical University","host_organization_lineage":["https://openalex.org/P4310317518"],"host_organization_lineage_names":["Vilnius Gediminas Technical University"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Business Economics and Management","raw_type":"journal-article"},{"id":"pmh:oai:doaj.org/article:57abab0c8e62467daf8ae5e7db2779e0","doi":null,"is_oa":false,"landing_page_url":"https://doaj.org/article/57abab0c8e62467daf8ae5e7db2779e0","pdf_url":null,"source":{"id":"https://openalex.org/S4306401280","display_name":"DOAJ (DOAJ: Directory of Open Access Journals)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"Journal of Business Economics and Management, Vol 22, Iss 3, Pp 695-713 (2021)","raw_type":"article"},{"id":"pmh:oai:econstor.eu:10419/317494","doi":null,"is_oa":true,"landing_page_url":"https://hdl.handle.net/10419/317494","pdf_url":null,"source":{"id":"https://openalex.org/S4306401696","display_name":"Econstor (Econstor)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"doc-type:article"}],"best_oa_location":{"id":"doi:10.3846/jbem.2021.14287","doi":"https://doi.org/10.3846/jbem.2021.14287","is_oa":true,"landing_page_url":"https://doi.org/10.3846/jbem.2021.14287","pdf_url":"https://journals.vgtu.lt/index.php/JBEM/article/download/14287/10436","source":{"id":"https://openalex.org/S66524056","display_name":"Journal of Business Economics and Management","issn_l":"2029-4433","issn":["2029-4433","1611-1699"],"is_oa":true,"is_in_doaj":true,"is_core":true,"listed_in":["abdc-b","anvur-scientific","cwts-core","doaj","erih-plus","fnege-4","jufo-1","norway-1","poland-70","russia-white-list-1"],"host_organization":"https://openalex.org/P4310317518","host_organization_name":"Vilnius Gediminas Technical University","host_organization_lineage":["https://openalex.org/P4310317518"],"host_organization_lineage_names":["Vilnius Gediminas Technical University"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Business Economics and Management","raw_type":"journal-article"},"sustainable_development_goals":[{"display_name":"Decent work and economic growth","score":0.9211000204086304,"id":"https://metadata.un.org/sdg/8"}],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":true,"grobid_xml":true},"content_urls":{"pdf":"https://content.openalex.org/works/W3143339100.pdf","grobid_xml":"https://content.openalex.org/works/W3143339100.grobid-xml"},"referenced_works_count":63,"referenced_works":["https://openalex.org/W26782083","https://openalex.org/W594721546","https://openalex.org/W595582818","https://openalex.org/W814822819","https://openalex.org/W1491069747","https://openalex.org/W1491711721","https://openalex.org/W1496824046","https://openalex.org/W1537543935","https://openalex.org/W1922151462","https://openalex.org/W1981614992","https://openalex.org/W1989666695","https://openalex.org/W2016465680","https://openalex.org/W2018015193","https://openalex.org/W2023668736","https://openalex.org/W2026352027","https://openalex.org/W2027462233","https://openalex.org/W2048411773","https://openalex.org/W2063813369","https://openalex.org/W2067402622","https://openalex.org/W2073869944","https://openalex.org/W2078342368","https://openalex.org/W2078556006","https://openalex.org/W2083315623","https://openalex.org/W2098916672","https://openalex.org/W2100159459","https://openalex.org/W2119555844","https://openalex.org/W2123136623","https://openalex.org/W2123158785","https://openalex.org/W2123985991","https://openalex.org/W2126650819","https://openalex.org/W2129154998","https://openalex.org/W2144131031","https://openalex.org/W2163859670","https://openalex.org/W2166037496","https://openalex.org/W2181112847","https://openalex.org/W2192015575","https://openalex.org/W2258786274","https://openalex.org/W2296940951","https://openalex.org/W2316087693","https://openalex.org/W2332783347","https://openalex.org/W2340721197","https://openalex.org/W2409446341","https://openalex.org/W2479147530","https://openalex.org/W2515268458","https://openalex.org/W2602548232","https://openalex.org/W2613436661","https://openalex.org/W2758423817","https://openalex.org/W2761048577","https://openalex.org/W2777236013","https://openalex.org/W2783902034","https://openalex.org/W2783955785","https://openalex.org/W2786604781","https://openalex.org/W2803725352","https://openalex.org/W2808252600","https://openalex.org/W2917318128","https://openalex.org/W2924280364","https://openalex.org/W2952471028","https://openalex.org/W3045554065","https://openalex.org/W3046532711","https://openalex.org/W3106941818","https://openalex.org/W3123095200","https://openalex.org/W4301020739","https://openalex.org/W7097653829"],"related_works":["https://openalex.org/W4285739959","https://openalex.org/W2743238795","https://openalex.org/W4200385959","https://openalex.org/W2952471028","https://openalex.org/W1655573232","https://openalex.org/W4205408047","https://openalex.org/W3124601016","https://openalex.org/W2064527345","https://openalex.org/W3023724581","https://openalex.org/W2258786274"],"abstract_inverted_index":{"This":[0],"paper":[1],"analyses":[2],"the":[3,37,56,110],"impact":[4],"of":[5,29,39,112],"insurance":[6,61,77,107,119],"sector":[7],"development":[8],"on":[9,13,66],"economic":[10,67,80,100,121],"growth":[11,68,81,101],"based":[12],"a":[14,27,95],"sample":[15],"that":[16],"includes":[17],"14":[18],"Central":[19],"and":[20,42,53,72,85,90,105,108,117,120],"Eastern":[21],"European":[22],"(CEE)":[23],"post-transition":[24],"countries":[25],"for":[26],"period":[28],"19":[30],"years,":[31],"from":[32,99],"1998":[33],"to":[34,55,102],"2016.":[35],"Considering":[36],"presence":[38],"cross-section":[40],"dependence":[41],"multiple":[43],"structural":[44],"breaks,":[45],"recently":[46],"developed":[47],"panel":[48,71,84],"econometric":[49],"techniques":[50],"were":[51],"employed":[52],"led":[54],"following":[57],"conclusions:":[58],"(1)":[59],"life":[60,104,116],"has":[62],"no":[63],"significant":[64],"effect":[65],"in":[69,82],"both":[70,83,103],"individual":[73,86],"countries,":[74,87],"(2)":[75],"non-life":[76,106,118],"positively":[78],"affects":[79],"(3)":[88],"Dumitrescu":[89],"Hurlin":[91],"causality":[92,97],"test":[93],"indicates":[94],"unidirectional":[96],"running":[98],"infers":[109],"absence":[111],"causal":[113],"connection":[114],"between":[115],"growth.":[122]},"counts_by_year":[{"year":2026,"cited_by_count":7},{"year":2025,"cited_by_count":10},{"year":2024,"cited_by_count":8},{"year":2023,"cited_by_count":5},{"year":2022,"cited_by_count":4}],"updated_date":"2026-11-12T12:28:57.059296","created_date":"2021-04-13T00:00:00"}