Insurance and Inclusive Growth

Lester, Rodney

World Bank, Washington, DC

关键词: ABSENCE OF INSURANCE;    ACCESS TO INSURANCE;    AGENCY RELATIONSHIP;    AGRICULTURAL ECONOMICS;    AGRICULTURAL INSURANCE;   

DOI  :  10.1596/1813-9450-6943
RP-ID  :  WPS6943

学科分类：社会科学、人文和艺术（综合）

来源: World Bank Open Knowledge Repository

【 摘 要 】

While the real sector and governments(along with a few micro economists) have long recognized thecore economic role that the insurance function plays, themainstream economics profession has largely treated it asinvisible background. This literature review of the relevantresearch, most of which has been carried out in the past fewdecades, demonstrates that the insurance sector contributesat a basic level to inclusive economic growth and theeffectiveness of the credit function. It also shows that thelatter impact may be particularly fundamental in assistingthe poor to avoid poverty traps and to progresseconomically. However, the research and the theoreticalmodels underpinning it also highlight certain constraints tothe efficient utilization of the insurance function. Theliterature dealing with innovations designed to overcomethese constraints is reviewed and successful initiatives andremaining challenges are identified.