中国保险业全要素生产率变动的Malmquist指数分析——一个新的视角

A Malmquist Index analysis of total factor productivity change of China′s insurance industry——A new perspective

本文从保险功能的视角出发,使用Malmquist指数方法研究了1999年～2006年中国保险业全要素生产率的变动情况。研究发现,中国保险业全要素生产率有明显提高。比较而言,寿险公司好于非寿险公司;股份公司好于国有公司;合资公司好于外资和中资公司;国有保险公司改革成果显著。全要素生产率提高主要得益于技术进步和技术创新,规模效率出现衰退,追求规模发展对中国保险业意义重大。

From the insurance function angle ,this article applied the Malmquist index method for studing the total factor productivity change of Chinese insurance business from 1999 to 2006 and came to the conclusion that the total factor productivity had markedly improved in China＇s insurance industry. In comparison, life insurance company per- formed better than non-life insurance company in this regard, stockholding companies better than state-owned com- panies ,joint ventures better than wholly foreign companies or domestic companies, and the state-owned insurance companies achieved remarkable results. The total factor productivity enhancement was mainly driven by technical advancement, but the scale efficiency showed sign of decline. Pursuing scale development was important for Chinese insurance business.