The Development of Foreign Capital Insurance Market, FDI and Economic Growth in China

Wang, Dongsheng; Li, Yumei

doi:10.4236/me.2019.103058

Cited by 5 publications

(4 citation statements)

References 14 publications

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“…In this context, many empirical papers have affirmed that the development of the insurance market has a powerful impact on the rates of economic performance (e.g.,. 6–11 These findings from these empirical studies demonstrate that a significant improvement in the insurance markets has significant implications for the accumulation of productive capital. In this context, a considerable improvement in the insurance market significantly impacts increasing high-productivity investments.…”

Section: Introductionmentioning

confidence: 68%

“…Dash et al 6 and Peleckienė et al 8 confirmed that the insurance market positively affected the level of GDP in Eurozone countries. Wang and Li 7 provide empirical evidence that an increase in the insurance market will promote the rate of economic growth in China. Kumar et al 9 showed a positive link between the insurance market and economic growth rates in India.…”

Section: Literature Reviewmentioning

confidence: 99%

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Insurance market development, renewable energy, and environmental quality in the UAE: Novel findings from a bootstrap ARDL test

Samour

Onwe

Inuwa

et al. 2022

Energy & Environment

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The present work aims to contribute to the existing literature by assessing the influence of insurance market development on the UAE's environmental quality. This study stands to be the first to evaluate the influence of the insurance market on environmental quality in the UAE. The study used an advanced approach to confirm the cointegrating relationship among selected variables: bootstrap Autoregressive Distributed Lag (ARDL) testing and the Bayer and Hanck test for co-integration. The empirical outcomes reveal that renewable energy consumption stimulates environmental quality in the short and long run. Furthermore, empirical outcomes show that insurance market development has a positive effect on the level of environmental quality in the country. Therefore, policymakers in the UAE are advised to make policies and strategies to reinforce the sustainability of insurance markets that would minimize environmental pollution by giving incentives to whoever contributes minimal carbon and uses eco-friendly materials. This can be achieved through an active role in green investments and product development to promote environmental quality and increase insurers” profitability and credit rating.

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Section: Introductionmentioning

confidence: 68%

Section: Literature Reviewmentioning

confidence: 99%

Insurance market development, renewable energy, and environmental quality in the UAE: Novel findings from a bootstrap ARDL test

Samour

Onwe

Inuwa

et al. 2022

Energy & Environment

View full text Add to dashboard Cite

show abstract

“…Sun et al (2019) concluded a strong relation between FDI and economic development in the SAARC member countries. Furthermore, a study by Wang and Li (2019) on how economic development is influenced by FDI was studied in Korea and the results concluded that FDI has a significantly positive impact on Korea's economic growth. Similarly, Malik et al (2020) studied the relation between FDI and economic development in Pakistan and reported a positive correlation.…”

Section: Literature Reviewmentioning

confidence: 99%

Analyzing the Impact of Inward FDI and Economic Growth on CO2 Emissions of Ukraine

Kayani

Sadiq²

2022

IJEEP

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The study investigated the impact of foreign direct investment and economic growth, upon carbon emissions of Ukraine. The annual data for the study has been extracted from the World Bank Development Indicators for the period 1990 to 2019. The study variables are foreign direct investment, economic growth, and carbon emissions. We started our analysis based on the autoregressive distributed lag (ARDL) model as being use quite extensively in the existing literature. However, we faced the issue of multicollinearity, then we applied the Ordinary Least Square technique and system generalized method of moments as alternative estimation techniques. The main analysis is based on the Ordinary Least Square technique, whereas robustness has been carried out under the system’s generalized method of moments. Both estimation techniques confirmed the significant and positive relationship between our study’s variables. The results indicate that in Ukraine the inflows of foreign direct investment and economic growth have led to higher carbon emissions.

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“…This research is limited by the consideration of a relatively small set of data for analysis. Additionally, Ying et al (2017) and Wang & Li (2019) study of the insurance contribution for economic growth in China and have augured that there is a significant interacting relationship between life, non-life insurance, and economic growth. It is found that the development of China's foreign capital insurance market has not promoted China's economic growth (Wang & Li, 2019).…”

Section: The Impact Of Insurance On Economic Growthmentioning

confidence: 99%

General trends and competitiveness of Australian life insurance industry

Arych¹,

Darcy²

2020

Journal of International Studies

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This paper considers financial and economic indicators of Australian life insurance industry. The analysis shows the main characteristics of the current life insurance market in Australia and its factors (determinants) that will guide the life insurance market in the future. The authors have defined and calculated the main indicators of competitiveness for Australian life insurance industry (growth rates of the life insurers number'; density of insurance; penetration rates; concentration ratios; Herfindahl-Hirschman index; integrated assessment of competitiveness). In this paper, we analyzed the general trends and competitiveness of Australian life insurance market for the 1997-2017 period. The results of the Herfindahl-Hirschman index calculations, based on the net policy revenue, demonstrate that Australian life insurance industry competition is high and there is a slight concentration at this market. Herfindahl-Hirschman index for other indicators shows that competition within life insurance industry is defined as weak and underdeveloped. In addition, the analysis shows that for Australian life insurance market there are statistically significant and directly proportional impacts of, firstly, population on life insurance premiums; secondly, the number of life insurers on life insurance penetration rate via gross written premium; thirdly, the number of life insurance companies on life insurance penetration rate via assets of life insurers; and, lastly, life insurance companies' assets on gross written life insurance premiums.

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The Development of Foreign Capital Insurance Market, FDI and Economic Growth in China

Cited by 5 publications

References 14 publications

Insurance market development, renewable energy, and environmental quality in the UAE: Novel findings from a bootstrap ARDL test

Insurance market development, renewable energy, and environmental quality in the UAE: Novel findings from a bootstrap ARDL test

Analyzing the Impact of Inward FDI and Economic Growth on CO2 Emissions of Ukraine

General trends and competitiveness of Australian life insurance industry

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