TITLE:
The Development of Foreign Capital Insurance Market, FDI and Economic Growth in China
AUTHORS:
Dongsheng Wang, Yumei Li
KEYWORDS:
China’s Development of Foreign Capital Insurance Market, FDI, Economic Growth, Relationship
JOURNAL NAME:
Modern Economy,
Vol.10 No.3,
March
22,
2019
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.