Garcia, Maria TeresaLópez Atienza, Alejandro2022-11-092022-11-092022-08López Atienza, Alejandro (2022). “The insurance-growth nexus in Portugal : a multivariate Toda-Yamamoto Granger causality test”. Dissertação de Mestrado. Universidade de Lisboa. Instituto Superior de Economia e Gestãohttp://hdl.handle.net/10400.5/25986Mestrado Bolonha em Economia Monetária e FinanceiraThis dissertation provides new insights on the insurance-growth nexus in Portugal, using a multivariate time series analysis over the period 1983-2020. The analysis performed is based around the Granger causality concept, using the Toda and Yamamoto methodology as a consequence of the statistical properties of our time series. The results suggest that there is no causality relation in the Granger sense between economic growth and insurance development in Portugal.engEconomic growthInsuranceGranger causalityToda and Yamamotomaster thesis