Sigortacılık ve ekonomik büyüme ilişkisi: G-8 ülkeleri için bir uygulama.

Insurance is a sector that has become more important as increase the economic development and growth level of the countries increase. Furthermore, the insurance sector has a positive influence on economic growth and development. Along with the diversified and developing economic activities, the service area and scope of the insurance sector are also expanding. With the development of the insurance sector, the risks in the economy are minimized. Thus, risks can be eliminated, and more efficient results can be obtained from economic activities. The aim of the paper is to denote the importance of insurance sector in terms of economic growth. The study included G-8 countries and covered the 1996-2019 period. For the econometric analysis, we used the IPS unit root test, Pedroni cointegration test, and FMOLS coefficience. The results displayed that there is a long-run relationship between insurance sector and economic growth. Additionally, the insurance sector has a positive effect on economic growth. [ABSTRACT FROM AUTHOR]