Insurance Agglomeration And Its Influence On Regional Economic Growth

In the era of global economic integration,the insurance industry has been developing rapidly,and the insurance resources flow according to the principle of resource allocation.At the same time,as a driving force for economic growth,the role and position of the insurance industry in promoting economic growth can not be underestimated.The development of the real economy is inseparable from the support of the insurance industry.The real economy can indirectly finance through the insurance institutions,and insurance can also reduce the savings rate and accelerate the acceleration of capital.Moreover,speeding up the flow of capital can promote the effectiveness of the adjustment of the industrial structure and further promote economic growth.Because of the close exchange of economic activities between provinces,the provincial financial agglomeration has a spatial spillover effect on regional economic growth.In the strategic background "The Belt and Road",research on node of the insurance industry agglomeration of provinces and cities,on whether the insurance industry to promote economic growth in the empirical analysis,in order to enrich the theory of strategy and provide a quantitative basis,has very strong significance.In this paper,the insurance industry and economic development data of 2005-2016 years Chinese "The Belt and Road" 18 provinces and cities based on the method of computing nodes,from the location entropy and Moran coefficient measure 18 nodes,the insurance degree of agglomeration and shows that Shanghai,Zhejiang,Fujian,Guangdong has been in the high level of entropy,entropy has been in Hainan province low,different with the eastern region of the 4 provinces high,there may be related to factors such as geographic location,Northeast China in entropy decreased slightly,while the 10 western province entropy increased,indicating agglomeration insurance has 18 nodes,to a certain extent,but the degree of concentration is not the same;then the agglomeration Moran coefficient across the northeastern and eastern coastal and western regions,the northeast region and western region agglomeration effects are not significant in insurance The small rise in volatility and the insurance agglomeration in the eastern coastal areas are basically unchanged.Then,verify the existence of the insurance industry agglomeration status after the static and dynamic panel data model analysis of the insurance industry "The Belt and Road Initiative" under the strategy of agglomeration and its influence on economic development based on.The results show that the concentration of insurance indeed will have a positive impact on regional economic development,but the effect is relatively weak in the static panel model,each additional area of the premium income of 1%,GDP will increase 0.056%;in the dynamic panel model,each additional premium of 1%,gross national product increased by 0.036%.