The Comparison Analysis To The Influence Factors Of China And America

In 2003, China's average per person GDP surpasses 1,000 US dollars for the first time; in 2006, China's average per person GDP surpasses 2,000 US dollars. This means that compared to other low income countries, China already stood in an essential new beginning. For Chinese life insurance industry, this will be an great important development opportunity.Standing in this history basement, this article took the Chinese data of 1987-2005 for research sample, the ADF examination, the Cointegration regression, the ECM model and so on the many kinds of gauging device, Standing in the foundation which the predecessor studied, this article wanted to research China's life insurance demand more completely. Further, this article has selected two times of American average per person GDP amounts less than 2,000 US dollars and more than: which separately are 1951-2004 and 1929-1950 two stages. Compared its life insurance demand with current China, it prominently discusses the unique characteristic of Chinese life insurance demand. And it uses methods of statistical comparison, demonstration analysis model, history comparative analysis. It has analyzed the life insurance demand of the developed and developing insurance market. It analysis the similarities and differences of their influence factor, and these same factors how to influence life insurance demand in different development phase, what differences did the role have. In this article, the main comparison indexes includes the life insurance marginal demand elasticity to consume, comparison of each influence factor's affection, comparison of each influence factor's short-term and long-term effect, different model influence factor for different nations and different time, and so on.Through the comparative analysis of different countries and the different life insurance development phase, this article has some quite remarkable conclusion. Firstly, compared to the relatively developed countries such as USA, Chinese life insurance marginal demand to consume is lower. But the influence elasticity of each influence factor in China is higher. Secondly, for USA, in the preliminary development stage of life insurance market, the influents efficient of population factors are more than the economical factors. And in different development phase of different countries, these primary factors are different. Other conclusions include: The different influence factors have different influents efficient to demands for long-term and short-term; deposit is one kind of vicarious product to life insurance demand for the developed market, and so on.