On the Effect of the Market Economy on the Insurance Development
研究了67个国家1995-2007年的面板数据，发现一国市场经济发展水平对其保险发展水平有显著正向影响，有助于理解中国保险业的可持续发展。
Because the current criteria of market economy fail to recognize the importance of insurance system, many researchers neglect the effect of one country's market economy's development level on its insurance development level.However,as the basic form of the self-assuring mechanism of market economy,insurance system is an indispensable part of market economy and it develops with the increase of market economy's development level.Employing a panel data set for 67 countries in the world over the period 1995～2007,this article examines this effect We find a significant positive relationship between one country's market economy's development level and its insurance development level.The results of this article extend the research on the determinants of one country's insurance development level.It helps us to deepen our understanding of market economy and the sustainable development of China's insurance industry.