我国保险业发展对经济增长的影响——基于30个省市面板数据的实证分析

Impacts of Insurance Industry Development on Economic Growth in China——An Empirical Study with Panel Data from 30 Provinces

基于Solow模型,采用2001年～2010年我国30个省市的面板数据分别检验了寿险业和财险业发展对经济增长的影响。采用的"保险基准深度比"指标减轻了以往计量模型中普遍存在的内生性问题,得出了寿险业和财险业均对经济增长具有显著促进作用的结论。进一步地,计量结果显示,寿险和财险基准深度比每产生一个标准差的增长,将分别促进人均GDP增长率提高0.64个百分点和0.68个百分点。实证研究结果表明,加快财产险和寿险的发展均有利于促进经济增长。

Based on Solow model, this paper used panel data of 30 provinces from 2001 to 2010 to test the impacts of development of life insurance and property insurance industries on economic growth respectively. By adopting the indicator of ＂Benchmark Ratio of Insurance Penetration＂, we reduced the commonly seen endogenous problem in the previous models. The empirical results showed that the development of both life and non-life insurance industry did promote economic growth significantly. Further analysis showed that each standard deviation growth of the ＂Benchmark Ratio of Insurance Penetration＂ for life and non-life insurance sectors would drive the GDP per capita to increase by 0.64 and 0.68 percentage points respectively. This study indicated that accelerating the development of life and non-life insurance industries would be congenital to economic growth.