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The Response of the Insurance Market to the COVID-19 Pandemic Shock in China: The Power of Confucius Culture

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成果类型:
期刊论文
作者:
Ruo-Hong Gu;Hideaki Uchida*
通讯作者:
Hideaki Uchida
作者机构:
[Ruo-Hong Gu] School of Economics and Management, Changsha University of Science and Technology, Changsha, China
[Hideaki Uchida] Mie University, Mie, Japan
通讯机构:
[Hideaki Uchida] M
Mie University, Mie, Japan
语种:
英文
关键词:
COVID-19;Insurance market;Confucius culture
期刊:
Environment, Innovation and Management
ISSN:
3060-9011
年:
2025
卷:
01
期:
2550007
页码:
2550007
机构署名:
本校为第一机构
院系归属:
经济与管理学院
摘要:
This article analyzes whether the Chinese insurance market is showing different responses to COVID-19 shocks depending on different domestic cultural characteristics by using monthly panel data of 31 provinces from January to August 2020 and employing the panel fixed-effects model. Overall, the results indicate that the COVID-19 pandemic is negatively associated with insurance market consumption in China. In particular, the COVID-19 outbreak leads to worse insurance market development (proxied by insurance market premium income) in those provin...

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