L-type Economy\Life Insurance\Premium Scale\Development of the Insurance Industry\Total Factor Productivity\Economic Growth

Under L-type economy, remodelling the growth power in the medium and long term is essential. The insurance industry during the 13th Five-year Plan period has been given a heavy expectation on promoting economic quality and upgrading economic efficiency, so it will try to accelerate its innovation and development process which serves national needs, market demand and people's requirements. Referring to the previous researches of Solow and Zhang and measuring Capital Stock and Total Factor Productivity independently, the paper analyses the inherent correlation between insurance (including life insurance and non-life insurance) and economic growth, reveals the contribution law of the insurance development in economic growth in the short and long term from both economic scale and quality respectively. It also shows enlightenments on policy decision for the insurance industry, thus helps economic stability under the downturn periods.

• Alden, J. D. (1981). Holding two jobs: An examination of ‘moonlighting’. In S. Henry (Ed.), Informal institutions. New York: St. Martin’s
• Archiwum Akt Nowych (1962). KC PZPR, Zespół Centralny do Walki z Nadużyciami i Korupcją. Warszawa [Archives of the New Files (1962).  Central Team to Fight Against Fraud and Corruption. Warsaw]
• Avnimelech,G., Zelekha,Y., Sarabi, E., (2011). The Effect of Corruption on Entrepreneurship.  Paper presented at the DRUID 2011. On Innovation, Strategy and Structure, Organizations, Institutions, Systems and Regions at Copenhagen Business School, Denmark, June 15-17,
• Bakke, E. W. (1940). The unemployed worker. New Haven: Yale University Press
• Baumol, W.J., (2002). The Free-Market Innovation Machine: Analyzing the Growth
• Miracle of Capitalism. Princeton University Press, Princeton
• Bremen, J. (1976). A dualistic labour system: A critique of the informal sector concept. Economic and Political Weekly, 11, 1870–1876
• Buehn A., Dell'Anno R., Schneider F. (2012). Fiscal illusion and the shadow economy: Two sides of the same coin? MPRA Paper No. 42531
• Burawoy, M. (1997). The Soviet Descent into Capitalism. American Journal of Sociology, 102: 1430-44
• Ditton, J. (1977). Part-time crime: An ethnography of fiddling and pilferage. London: Macmillan
• Ferman, L. A., Berndt, L. E. (1981). The irregular economy. In S. Henry (Ed.), Informal institutions. New York: St. Martin’s
• Fletcher, R. (2015). White-Collar, Blue-Collar and Collarless Crime: The Complicity of Victims in ‘Victimless Crime’. In: G. McElwee, R. Smith (eds.), Exploring Criminal and Illegal Enterprise: New Perspectives on Research, Policy &Practice (pp. 75–95). Bingley, UK: Emerald Group
• Gerxhani, K. (2004), The informal sector in developed and less developed countries: a literature survey, Public Choice, 120, 267–300
• Gomis-Porqueras, P., Peralta-Alva, A., Waller, Ch. (2014). The shadow economy as an equilibrium outcome. Journal of Economic Dynamics & Control 41 pp.1-19
• Gutmann, P. M. (1977). The subterranean economy. Financial Analysts Journal, 34, 26–27 (November/ December)
• Hart, K. (1973). Informal income opportunities and urban employment in Ghana. Journal of Modern African Studies, 11, 61–89
• Harvey, F. (1997). National cultural differences in theory and practice Evaluating Hofstede’s national cultural framework. Information Technology & People, Vol. 10 No. 2, pp. 132-146.
• Henry S. (1993). The challenge of informal economies. In L. A. Ferman, L. E. Berndt, & S. Henry (Eds.). Work beyond employment in advanced capitalist countries: Classic and contemporary perspectives on the informal economy, vol I: Concepts, evidence and measurement. Lewiston, New York: The Edwin Mellen
• Henry,S., Sills,S. (2006). Informal economic activity: Early thinking, conceptual shifts, continuing patterns and persistent issues – a Michigan study. Crime Law Social Change 45, 263–284
• Hofstede, G. (1980), Culture’s Consequences. International Differences in Work-Related Values, Sage Publications, Beverly Hills, CA
• Hofstede, G. (1991), Cultures and Organizations: Software of the Mind, McGraw-Hill, New York, NY
• Houston, J.,F. (1987). Estimating the Size and Implications of the Underground Economy. Working Paper 87–9, Federal Reserve Bank Philadelphia
• Isachsen, A., J., Steinar, S. (1980). The Hidden Economy, the Labor Market and Tax
• Evasion, Scandinavian Journal of Economics, 82, pp. 304–14
• Jasiński, W., Mądrzejowski, W., Wiciak, K. (ed), (2013). Przestępczość zorganizowana. Fenomen, Współczesne zagrożenie, Zwalczanie, Ujęcie praktyczne. Szczytno [Organized crime. Phenomenon, Contemporary Threat, Combat, Practical Approach. Szczytno]
• Jones, T., Ram, M., Edwards M. (2006). Shades of grey in the informal economy. International Journal of Sociology and Social Policy Vol. 26 No. 9/10
• Lacko´ , M. (2000). Hidden economy – an unknown quantity: comparative analysis of hidden economics in transition countries 1989–95, Economics of Transition, 8, pp.117–49
• Lehman, H. (2012). The Polish Growth Miracle: Outcome of Persistent Reform Efforts. IZA Policy Paper No. 40
• Łaszek, A.,Trzeciakowski, R. (2015). Vicious Circle of Small Scale, Low Productivity and Shadow Economy in Poland. 4LIBERTY.eu REVIEW No 3
• Mauro, P. (1995). Corruption and Growth. Quarterly Journal of Economics. 110, pp. 681–712
• Mukherjee, D. (2016). Informal economy in emerging economies: not a substitute but a complement! International Journal of Business and Economic Development Vol. 4 Number 3 pp. 16- 27
• Murphy, R. (2012). Closing the European tax gap. A Report for Group of the Progressive Alliance of Socialists & Democrats in the European Parliament, Tax research LLP, Norfolk
• Nunnally, J. C. (1978). Assessment of Reliability. In: Psychometric Theory (2nd ed.). New York: McGraw-Hill
• Prywaciarze 1945-1989 (2006). Praca zbiorowa, Ośrodek KARTA wyd. III, [Private entrepreneurs 1945-1989 (2006). Karta Center III ed.]
• PARP (2013). Report on the condition of small and medium sizes enterprise sector in Poland in 2011-2012. Warsaw
• Roberts, B. (1989). Employment structure, life cycle and life chances: formal and informal sectors in Guadalajara. In A. Portes, M. Castells, & L. A. Benton, (Eds.), The informal economy: Studies in advanced and less developed countries. Baltimore: John Hopkins University Press
• Rorat, J. (2014).  The Situation of Young Poles in the Labor Market [in:] Proceedings of the 19^th Annual Conference of the Global Awareness Society International, Publisher Cracow University of Economics
• Schneider, F. (2005) Shadow economies around the world: what do we really know? European Journal of Political Economy, 21, 598–642
• Schneider F., Williams C. (2013) The Shadow Economy, The Institute of Economic Affairs, London
• Schneider, F., Enste, D., (2000). Shadow Economies: Size, Causes, and Consequences. Journal of Economic Literature Vol. XXXVIII pp. 77–114
• Statistical Yearbook (1954). Warsaw. GUS
• Statistical Yearbook (1982). Warsaw. GUS
• Statistical Yearbook (2016). Warsaw. GUS
• Teobaldelli, D. (2011), Federalism and the shadow economy, Public Choice, 146, 269–89
• Ustawa z dnia 8 marca 1972r. o wykonywaniu i organizacji rzemiosła, Dz.U. z 1983r. nr 7, poz.40 [Act of March 8, 1972 On the exercise and organization of the craft,  Journal of Laws  From 1983 r. No. 7, item 40 ]
• Ustawa z dnia 23 grudnia 1988r. o działalności gospodarczej (Dz.U. Nr 41, poz. 324 ze zm.)   Act of 23 December 1988r. About business activity Journal of Laws No. 41, item 324]
• Williams, C. (2005). Tackling the informal economy: towards a coordinated public policy approach.  Public Policy and Administration, Vol. 20, pp. 38-53
• World Economic Forum. International Chamber of Commerce / Transparency International / United Nations Global Compact / World Economic Forum Partnering Against Corruption Initiative. 2008. ‘Clean Business is Good Business’. Available at
•  http://www.weforum.org/pdf/paci/BusinessCaseAgainstCorruption.pdf date of access 2017/02/14
• http://www.pap.pl/en/news-/news,638509,poland-39th-in-global-innovation-index-ranking.html,date of access 2017/02/19