%0 Journal Article
%T Insurance Industry and Non-Agriculture Sector of Nepal: An Empirical Study
%A Hom Nath Gaire
%J Banking Journal
%P 43-60
%D 2013
%R 10.3126/bj.v3i1.7510
%X In this paper, an attempt has been made to analyse relationship between Nepalese insurance industry and the non-agriculture sector using the annual data of the period of 1997 to 2010. In order to accomplish this goal, unit root test, co-integration test, granger causality test, and ordinary least square method of regression analysis have been performed. The empirical result from the co-integration tests clearly shows that there is a long-run relationship between total premium collection and Resources/Liabilities of Nepalese insurance industry vis-ив-vis non-agriculture real GDP. Likewise, the null hypotheses that the total premium collection and Resource/Liabilities does not granger cause non-agriculture and real GDP of Nepal and was rejected. Moreover, estimated coefficients of regression models also indicate that there is strong positive correlation between the insurance industry and non-agriculture sector of Nepal.
%K Granger Causality
%K Insurance Industry
%K Non-Agriculture Real GDP
%U http://www.nepjol.info/index.php/BJ/article/view/7510