保险发展与经济增长——OECD与基础四国的对比分析

本文检验了OECD国家与基础四国保险业发展对经济增长的作用是否存在差异。实证结果表明,OECD国家保险业的发展显著地促进了经济增长,保险业与银行业之间形成了良好的互补关系;基础四国的非寿险业推动了经济增长,但是寿险业的经济增长效应显著为负,保险业与银行业和股票市场之间均呈现出显著的替代关系。

This paper examines the differences in the roles of insurance development to economic growth in OECD and BASIC. The results show that insurance devel- opments have contributed significantly to economic growth in OECD. Complementary relationship is formed between banking and insurance. Conclusions change in BASIC. The effect of life insurance to economic is sig- nificantly negative. Alternative relationship is showed between insurance and banking, as well as insur- ance and stocking market.