Affiliation:
1. Department of Business & Economics Modern College of Business & Science Muscat Sultanate of Oman
2. Department of Decision Science & Operations Institute of Public Enterprise Hyderabad India
3. Department of Marketing Birla Institute of Management Technology (BIMTECH) Greater Noida India
4. Telecommunications, Miyamoto International (USAID Grantee) New Delhi India
5. Department of Strategy, Innovation,Entrepreneurship & CSR Birla Institute of Management Technology Greater Noida India
Abstract
AbstractAcademic interest in insurance and economic growth nexus has prospered in the last two decades. There needs to be more review‐based research in this area. We, therefore, reviewed the literature and presented future research directions helpful for the further development of the research field. This literature review seeks to enrich the discourse on insurance and economic growth through a comprehensive and detailed review of 126 articles covering 96 journals from 2004 to 2023. Using Theory, Context, Characteristics, and Methods (TCCM), a detailed analysis has been conducted on the prominent theories, research context, key variables, and the methodologies and analysis techniques employed in the literature over the past 19 years. Through content analysis, we present the findings across three knowledge dimensions related to insurance and economic growth: research focus, country focus, and insurance focus. Our research sheds light on under‐researched contexts, variables, and analytical techniques.
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