The Effects of Urbanization on Insurance Consumption—The experience of China
James Barrese,
Ping Wang and
Ji Zhang
Risk Management and Insurance Review, 2016, vol. 19, issue 2, 285-306
Abstract:
Cross‐country studies of insurance find little support for a hypothesized urbanization–insurance consumption link. Unlike the literature, we argue and find that the relationship is positive. Our study refines the literature relating economic development and financial service activities. The empirical evidence in the existing literature is based on cross‐country samples that are criticized as unrepresentative because they are disproportionately composed of highly developed economies and consequently have limited range in the variables considered; this limits confidence in the resulting evidence. The current study overcomes these empirical difficulties by focusing on one large country with a unique recent development pattern. Like the existing studies, we find a positive insurance–economic development link. In contrast to cross‐country studies, we find that insurance consumption is influenced by urbanization and that the country's World Trade Organization entry had a differential impact on its insurance markets.
Date: 2016
References: Add references at CitEc
Citations: View citations in EconPapers (2)
Downloads: (external link)
https://doi.org/10.1111/rmir.12063
Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:bla:rmgtin:v:19:y:2016:i:2:p:285-306
Access Statistics for this article
Risk Management and Insurance Review is currently edited by Mary A. Weiss
More articles in Risk Management and Insurance Review from American Risk and Insurance Association
Bibliographic data for series maintained by Wiley Content Delivery ().