Background:This study examines the relationship between insurance market density(IMD)and economic growth.Methods:We employed Granger causality technique in 19 Eurozone countries for the period 1980-2014.We use three d...Background:This study examines the relationship between insurance market density(IMD)and economic growth.Methods:We employed Granger causality technique in 19 Eurozone countries for the period 1980-2014.We use three different indicators of IMD,namely life insurance density,non-life insurance density,and total insurance density.We particularly emphasize on whether Granger causality runs between IMD and economic growth both ways,one way,or not at all.Results:Our empirical result recognizes the presence of both unidirectional and bidirectional causality between insurance market density and economic growth.However,these results are mostly non-uniform across Eurozone countries.Conclusions:This study holds important policy implications-economic policies should recognize the differences in the insurance market density and economic growth in order to maintain sustainable economic growth in the Eurozone.展开更多
Shanghai, the first city to open its insurance market, now has 10 foreign-funded insurance companies in operation whose premium income accounts for l/10 of the total premium income in the city. The Chinafunded and for...Shanghai, the first city to open its insurance market, now has 10 foreign-funded insurance companies in operation whose premium income accounts for l/10 of the total premium income in the city. The Chinafunded and foreign-funded insurance companies are competing fiercely and both have achieved development through the competition.展开更多
In this paper, we investigate the disparities of China's insurance market from the viewpoint of geography and enterprise by using the monthly data from January 2006 to December 2015. We divide the whole insurance ...In this paper, we investigate the disparities of China's insurance market from the viewpoint of geography and enterprise by using the monthly data from January 2006 to December 2015. We divide the whole insurance market into two parts, namely property insurance and personal insurance.By constructing and analyzing minimum spanning trees of insurance market, we obtain the results as follows:(i) The connections between provinces are much closer than those of firms, and there are regional links between neighboring provinces in the minimum spanning tree(MST); and(ii) the domestic funded firms and foreign funded firms form two explicit clusters in the MSTs of property and personal insurance market.展开更多
文摘Background:This study examines the relationship between insurance market density(IMD)and economic growth.Methods:We employed Granger causality technique in 19 Eurozone countries for the period 1980-2014.We use three different indicators of IMD,namely life insurance density,non-life insurance density,and total insurance density.We particularly emphasize on whether Granger causality runs between IMD and economic growth both ways,one way,or not at all.Results:Our empirical result recognizes the presence of both unidirectional and bidirectional causality between insurance market density and economic growth.However,these results are mostly non-uniform across Eurozone countries.Conclusions:This study holds important policy implications-economic policies should recognize the differences in the insurance market density and economic growth in order to maintain sustainable economic growth in the Eurozone.
文摘Shanghai, the first city to open its insurance market, now has 10 foreign-funded insurance companies in operation whose premium income accounts for l/10 of the total premium income in the city. The Chinafunded and foreign-funded insurance companies are competing fiercely and both have achieved development through the competition.
基金Supported by National Natural Science Foundation of China(71373072,71340014 and 71501066)the China Scholarship Council(201506135022)+1 种基金the Specialized Research Fund for the Doctoral Program of Higher Education(20130161110031)the Foundation for Innovative Research Groups of the National Natural Science Foundation of China(71521061)
文摘In this paper, we investigate the disparities of China's insurance market from the viewpoint of geography and enterprise by using the monthly data from January 2006 to December 2015. We divide the whole insurance market into two parts, namely property insurance and personal insurance.By constructing and analyzing minimum spanning trees of insurance market, we obtain the results as follows:(i) The connections between provinces are much closer than those of firms, and there are regional links between neighboring provinces in the minimum spanning tree(MST); and(ii) the domestic funded firms and foreign funded firms form two explicit clusters in the MSTs of property and personal insurance market.
