IDEAS home Printed from https://ideas.repec.org/a/ejn/ejefjr/v6y2018i2p21-30.html
   My bibliography  Save this article

Selection Of The Optimal Way Of Development For The Oil Dependent Economy Of Kazakhstan

Author

Listed:
  • Wang Ying

    (Macroeconomy and Strategy Institute & PICC Asset Management Co. Ltd., China)

Abstract

Among banking, securities, and insurance industries in the field of finance; insurance industry was opened earliest and most thoroughly. Starting from 1980 when foreign insurance companies were allowed to set up representative offices, China's insurance industry has undergone nearly 40 years of opening-up. Under the background of China's proposal to further enhance the opening-up of the financial industry, this paper assesses the actual opening-up of the insurance industry since 2004 from the three dimensions such as the number of Chinese-foreign joint-venture insurance companies, the premium income of foreign-funded insurance companies, and the asset size of foreign-funded insurance companies. The Mattoo method was used to measure the openness of the insurance industry since 1992. The results show that the openness of China's insurance industry will reach the international advanced level after 2020 as a whole, but it will take a longer period for the life insurance industry to reach the level of developed countries. At present, the main problem facing China's insurance industry is not excessive opening-up but the inadequacy of openness and industry competitiveness.

Suggested Citation

  • Wang Ying, 2018. "Selection Of The Optimal Way Of Development For The Oil Dependent Economy Of Kazakhstan," Eurasian Journal of Economics and Finance, Eurasian Publications, vol. 6(2), pages 21-30.
    • Handle: RePEc:ejn:ejefjr:v:6:y:2018:i:2:p:21-30
    as

    Download full text from publisher

    File URL: https://eurasianpublications.com/wp-content/uploads/2021/02/EJEF-6.2.3.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Paula Bongini, 2003. "The EU Experience in Financial Services Liberalization: A Model for GATS Negotiations?," SUERF Studies, SUERF - The European Money and Finance Forum, number 2003/2 edited by Morten Balling, May.
    2. Jeffrey D. Sachs & Andrew Warner, 1995. "Economic Reform and the Process of Global Integration," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 26(1, 25th A), pages 1-118.
    3. Robert E. Baldwin, 1988. "Trade Policy Issues and Empirical Analysis," NBER Books, National Bureau of Economic Research, Inc, number bald88-2, July.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Måns Söderbom & Francis Teal, 2003. "Openness and human capital as sources of productivity growth: An empirical investigation," CSAE Working Paper Series 2003-06, Centre for the Study of African Economies, University of Oxford.
    2. Stephen Redding & Anthony Venables, 2004. "Geography and Export Performance: External Market Access and Internal Supply Capacity," NBER Chapters, in: Challenges to Globalization: Analyzing the Economics, pages 95-127, National Bureau of Economic Research, Inc.
    3. Redding, Stephen & Venables, Anthony J., 2003. "South-East Asian export performance: external market access and internal supply capacity," Journal of the Japanese and International Economies, Elsevier, vol. 17(4), pages 404-431, December.
    4. Giordano, Paolo & Li, Kun, 2012. "An Updated Assessment of the Trade and Poverty Nexus in Latin America," IDB Publications (Working Papers) 4209, Inter-American Development Bank.
    5. Arvind Panagariya, 2003. "Alternative Approaches to Measuring the Cost of Protection," International Trade 0308002, University Library of Munich, Germany.
    6. Rod Falvey & Neil Foster & David Greenaway, 2001. "Institutions and Structural Unemployment: North-South Trade, Openness and Growth," Vienna Economics Papers 0108, University of Vienna, Department of Economics.
    7. Derek Headey, 2007. "What Professor Rodrik Means by Policy Reform: Appraising a Post-Washington Paradigm," CEPA Working Papers Series WP052007, School of Economics, University of Queensland, Australia.
    8. Chandan Sharma & Ritesh Kumar Mishra, 2011. "Does export and productivity growth linkage exist? Evidence from the Indian manufacturing industry," International Review of Applied Economics, Taylor & Francis Journals, vol. 25(6), pages 633-652, November.
    9. A. P. Thirlwall, 2013. "Economic Growth in an Open Developing Economy," Books, Edward Elgar Publishing, number 15208.
    10. Edward D. Mansfield & Brian M. Pollins, 2001. "The Study of Interdependence and Conflict," Journal of Conflict Resolution, Peace Science Society (International), vol. 45(6), pages 834-859, December.
    11. James Proudman & Stephen Redding & Marco Bianchi, 1997. "Is International Openness associated with faster economic growth?," Bank of England working papers 63, Bank of England.
    12. Maria Cipollina & Luca Salvatici, 2008. "Measuring Protection: Mission Impossible?," Journal of Economic Surveys, Wiley Blackwell, vol. 22(3), pages 577-616, July.
    13. Navaratnam Ravinthirakumaran, 2014. "Applicability of Openness-led Growth Hypothesis in Sri Lanka," South Asia Economic Journal, Institute of Policy Studies of Sri Lanka, vol. 15(2), pages 241-263, September.
    14. Eriṣ, Mehmet N. & Ulaṣan, Bülent, 2013. "Trade openness and economic growth: Bayesian model averaging estimate of cross-country growth regressions," Economic Modelling, Elsevier, vol. 33(C), pages 867-883.
    15. Romain Wacziarg, 2001. "Measuring the Dynamic Gains from Trade," The World Bank Economic Review, World Bank, vol. 15(3), pages 393-39-429.
    16. Nowak-Lehmann D., Felicitas, 2003. "Trade Policy and its Impact On Economic Growth: The Chilean Experience in the Period of 1960 to 1998," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 3(2).
    17. Francis Teal & Måns Söderbom, 2003. "Openness and Human Capital as Sources of Productivity Growth: An Empirical Investigation," Economics Series Working Papers WPS/2003-06, University of Oxford, Department of Economics.
    18. Fayq Al Akayleh, 2017. "Accession to World Trade Organization and its Implications for Trade Diversification and Economic Activity: Evidence from Saudi Arabia," International Journal of Economics and Financial Research, Academic Research Publishing Group, vol. 3(12), pages 332-345, 12-2017.
    19. Mr. Andrew Berg & Anne O. Krueger, 2003. "Trade, Growth, and Poverty: A Selective Survey," IMF Working Papers 2003/030, International Monetary Fund.

    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:ejn:ejefjr:v:6:y:2018:i:2:p:21-30. 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.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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: Esra Barakli (email available below). General contact details of provider: .

    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.