Article ID Journal Published Year Pages File Type
5054449 Economic Modelling 2013 7 Pages PDF
Abstract
This study applies the bootstrap panel Granger causality test to identify whether globalization promotes insurance activity using data from Sigma reports of the Swiss Reinsurance Company of 8 Eastern Asian countries over the period of 1979-2008. Empirically, results for one-way Granger causality show the influence of insurance activity on globalization only in Japan. However, there is strong interaction causality between globalization and insurance activity in India, South Korea, and Thailand. In our research, the results show that the causality between globalization and insurance activity varies across countries under different conditions. The findings of this study could provide important policy implications for the 8 Eastern Asian countries under study, namely India, Indonesia, Japan, Malaysia, the Philippines, Singapore, South Korea, and Thailand.
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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