The Interaction Mechanism between China’s Insurance Industry and Economic Growth

摘要：

This article examines the short-run and long-run dynamic relationships between China’s economic growth and the development of insurance industry. This goal is achieved by conducting cointegration analysis, impulse response analysis and Granger causality tests based on the quarterly data of real GDP and total real premiums over the period 1999 Q1 to 2009 Q1.The results suggest that the development of insurance industry and economic growth are positively correlated: The insurance industry possesses, to some extent, the nature of following the same direction as economic growth, especially when the economy is steadily growing. Besides that, the development of insurance industry promotes economic growth and vise versa. More importantly, Chinas insurance industry promotes economic growth following a supply-leading mode.

关键词： insurance industry economic development VAR Granger VEC

作者: Ying Zhang Jinquan Liu Chunyang Pang

作者单位: Finace Department, Changchun Taxation College, China Quantitative Research Center of Economics, Jili Quantitative Research Center of Economics, Jilin University, Changchun , 130012, China

会议类型: 国际会议

会议名称: The Ninth Wuhan International Conference on E-Business(第九届武汉电子商务国际会议)

会议地点: 武汉

会议语种:英文

页码: 1271-1276

在线出版日期: 2010-05-29（万方平台首次上网日期，不代表论文的发表时间）