INSURANCE ACTIVITY AND ECONOMIC GROWTH NEXUS IN 31 REGIONS OF CHINA: BOOTSTRAP PANEL CAUSALITY TEST

被引：0

作者：

Hu, Hongbing ^{[1
]}

Su, Meng ^{[1
]}

Lee, Wenhua ^{[1
]}

机构：

[1] Zhongnan Univ Econ & Law, Wuhan, Peoples R China

来源：

ROMANIAN JOURNAL OF ECONOMIC FORECASTING | 2013年 / 16卷 / 03期

关键词：

insurance activity; economic growth; Bootstrap Panel Granger Causality Test; FINANCIAL DEVELOPMENT; DEVELOPING-COUNTRIES; INTERNATIONAL ANALYSIS; OECD COUNTRIES; DETERMINANTS; CONSUMPTION; INFERENCE; MARKETS; DEMAND; MODEL;

D O I：

暂无

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This study applies the bootstrap panel Granger causality test to investigate the relationship between insurance activity and economic growth using data from 31 regions of China over the period 1997-2011. Empirical results indicate that the direction of causality seems to be in favor of the neutrality hypothesis in 21 out of 31 regions and a one-way Granger causality running from economic growth to insurance activity in 7 regions. Regarding the direction of insurance activity to economic growth nexus, we find a one-way Granger causality from insurance activity to economic growth for Jiangsu, Zhejiang, and Shandong.

引用

页码：182 / 198

页数：17

共 33 条

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