文档介绍：外文翻译
STIMULATING THE DEMAND FOR INSURANCE
Material Source: Risk Management and Insurance Review, 2005, , , 257-278
Author: Stephanie Hussels, Damian Ward, Ralf Zurbruegg
From an economic viewpoint, traditional neoclassical growth theory suggests that without technological development economies can only grow at a steady rate. This conclusion implies little scope for government involvement in trying to further stimulate economic growth. However, and in response to this scenario, alternative theories have developed which suggest this does not necessarily have to be the case. In particular, endogenous growth theorists have highlighted how investment and growth in one sector of an economy can provide positive externalities for other areas of the economy. Therefore, economic growth within these models can potentially accelerate beyond a steady state if regulation is essful in helping and promoting industries that generate positive externalities for the rest of the economy. But what sectors should policymakers develop? Recent research tends to indicate that financial services, and its ponents, including insurance and banking, have substantial potential for spreading positive externalities throughout mercial sector of an economy.
Within this research agenda, interest in the role of financial development in economic growth has moved to the fore of economic analysis, wi