The effect of haze pollution on insurance development: Evidence from 268 prefecture-level cities in China.

ABSTRACT: The relationship between haze pollution and insurance development is investigated based on the concentration of PM2.5 of 268 Chinese cities during 2009~2018. Subsequently, the effect of haze pollution on the development of insurance and the underlying mechanisms are also explored. The regional governance of haze pollution and its impact on insurance development is estimated by using a unified framework of two-stage least squares. The machine learning method-elastic network is adopted to filter the control variables and avoid multi-collinearity. The results show that haze pollution has an adverse effect on the insurance development through two important underlying mechanisms, residents' emotions and economic development. Haze pollution affects residents' emotions, and the impact coefficient

SUBMITTER: Chang Y 

PROVIDER: S-EPMC9049571 | biostudies-literature | 2022

REPOSITORIES: biostudies-literature