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https://hdl.handle.net/2440/1193
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Type: | Journal article |
Title: | Law, politics and life insurance consumption in Asia |
Author: | Ward, D. Zurbrugg, R. |
Citation: | Geneva Papers on Risk and Insurance: Issues and Practice, 2002; 27(3):395-412 |
Publisher: | Blackwell Publishers |
Issue Date: | 2002 |
ISSN: | 1018-5895 1468-0440 |
Statement of Responsibility: | Damian Ward and Ralf Zurbruegg |
Abstract: | This paper investigates the determinants of consumption for one of the fastest growing financial products in Asia. We find evidence that increased provision of civil rights and political stability leads to an increase in life insurance provision. However, by utilizing various estimation procedures, a number of differences between the more developed insurance markets and those in Asia are illustrated. In particular, the estimated income effect is found to be far higher in Asia than in other countries. However, the size of this difference is reduced once political and legal factors are controlled for, suggesting that future insurance market growth in Asia may not exceed that in the rest of the world. |
Description: | Copyright © Palgrave Macmillan Ltd |
DOI: | 10.1111/1468-0440.00181 |
Published version: | http://dx.doi.org/10.1111/1468-0440.00181 |
Appears in Collections: | Aurora harvest 2 Business School publications |
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