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

被引：3
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
收藏
页数：18
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