Does Economic Freedom in Host Countries Lead to Increased Non-Life Insurance Development?

被引：2

作者：

Lee, Hui Shan ^{[1
]}

Chong, Shyue Chuan ^{[2
]}

Yap, Shen ^{[1
]}

Sia, Bik Kai ^{[1
]}

Chen, Ying Xi ^{[3
]}

机构：

[1] Univ Tunku Abdul Rahman, Kajang, Selangor, Malaysia

[2] Tunku Abdul Rahman Univ Coll, Kuala Lumpur, Malaysia

[3] Guangdong Univ Finance, Guangzhou, Peoples R China

来源：

SAGE OPEN | 2021年 / 11卷 / 04期

关键词：

Belt and Road Initiative; economic freedom; ASEAN; China; non-life insurance; FOREIGN DIRECT-INVESTMENT; EMPIRICAL-ANALYSIS; HEALTH-INSURANCE; DETERMINANTS; GROWTH; BANKING; DEMAND; CONSUMPTION; MOTIVATION; PROPERTY;

D O I：

10.1177/21582440211054486

中图分类号：

C [社会科学总论];

学科分类号：

03 ; 0303 ;

摘要：

The journey to reinforce connectivity between China and ASEAN-5 through the Belt and Road Initiative (BRI) presents various risks and non-life insurance development opportunities. This research investigates the factors that affect non-life insurance development in China and ASEAN-5. This study has offered novel evidence highlighting the impacts of trade variables and a multidimensional economic freedom measure consisting of nine components on non-life insurance development. Panel regression results indicate that trade and the BRI itself are decisive factors that stimulate insurance development. Higher economic freedom, however, has a negative influence on non-life insurance development. In terms of policy implications, regulatory interventions represent a more practical way to enhance the resilience and development of the non-life insurance sector to accomplish the BRI goals.

引用

页数：18

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