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

ME > Vol.10 No.3, March 2019

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

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Download as PDF (Size: 382KB) PP. 872-885

DOI: 10.4236/me.2019.103058 1,008 Downloads 2,111 Views Citations

Author(s)

Dongsheng Wang^*, Yumei Li

Affiliation(s)

College of Economics and Management, Southwest University, Chongqing, China.

ABSTRACT

This paper analyzes the relationship among foreign capital insurance market, FDI and economic growth in China. We use unit root test, least square regression and Granger causality test to examine the relationship with the data over the period 1984-2015. It is found that the development of China’s foreign capital insurance market has not promoted China’s economic growth, FDI has promoted China’s economic growth, and China’s economic growth has generally promoted the development of foreign capital insurance market. The channels of insurance market acting on economic growth are not smooth enough for foreign capital in China, and its action modes may be mainly applicable to China’s domestic insurance market.

KEYWORDS

China’s Development of Foreign Capital Insurance Market, FDI, Economic Growth, Relationship

Share and Cite:

Wang, D. and Li, Y. (2019) The Development of Foreign Capital Insurance Market, FDI and Economic Growth in China. Modern Economy, 10, 872-885. doi: 10.4236/me.2019.103058.

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