IDEAS home Printed from https://ideas.repec.org/a/pal/gpprii/v34y2009i3p440-465.html
   My bibliography  Save this article

WTO and the Chinese Insurance Industry

Author

Listed:
  • J Tyler Leverty

    (Department of Finance, Henry B. Tippie College of Business, University of Iowa, 108 John Pappajohn Business Bldg., W286, Iowa City, Ia 52242-19943, U.S.A.)

  • Yijia Lin

    (University of Nebraska-Lincoln, Lincoln, NE 68588-0490, U.S.A.)

  • Hao Zhou

    (Allianz General Representative Office, Room C211, Beijing Lufthansa Center, No. 50 Liangmaqiao Road, Beijing 100125, P.R.China.)

Abstract

This paper provides new information on the impact of the entry of foreign firms on a financial services industry by examining the Chinese insurance industry surrounding China's accession to the World Trade Organization (WTO). Our analysis reveals that insurers experienced significant growth in total factor productivity over the sample period. We also observe a structural improvement in efficiency after WTO accession, but geographic and product market restrictions placed on foreign firms reduce these positive effects. Overall, the results are consistent with there being a significant increase in social welfare during our sample period, but they also lend support for further deregulation. The Geneva Papers (2009) 34, 440–465. doi:10.1057/gpp.2009.12

Suggested Citation

  • J Tyler Leverty & Yijia Lin & Hao Zhou, 2009. "WTO and the Chinese Insurance Industry," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 34(3), pages 440-465, July.
    • Handle: RePEc:pal:gpprii:v:34:y:2009:i:3:p:440-465
    as

    Download full text from publisher

    File URL: http://www.palgrave-journals.com/gpp/journal/v34/n3/pdf/gpp200912a.pdf
    File Function: Link to full text PDF
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: http://www.palgrave-journals.com/gpp/journal/v34/n3/full/gpp200912a.html
    File Function: Link to full text HTML
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Leverty, J. Tyler & Grace, Martin F., 2010. "The robustness of output measures in property-liability insurance efficiency studies," Journal of Banking & Finance, Elsevier, vol. 34(7), pages 1510-1524, July.
    2. Mohammad Nourani & VGR Chandran & Qian Long Kweh & Wen-Min Lu, 2018. "Measuring Human, Physical and Structural Capital Efficiency Performance of Insurance Companies," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 137(1), pages 281-315, May.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:gpprii:v:34:y:2009:i:3:p:440-465. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave-journals.com/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.