摘要
物价对产险需求有两种效应:货币收入效应和保险价值效应。对CPI与产险保费增长关系的分析发现:CPI与保费增速存在一阶长期协整关系,当短期波动偏离长期均衡时,将以9.40%的调整力度把非均衡状态拉回到均衡状态;CPI对保费增长表现为负向冲击,反映货币收入效应大于保险价值效应,而保费增长对自身是一个正的响应;在对保费增速波动的贡献率方面,CPI对保费增长波动的影响不大。
CPI has two effects on the demand of property insurance：money income and insurance value.Study found that there exist a long term first-order cointegration relationship between CPI and premium growth.When short term fluctuation deviates from long term equilibrium,there is 9.4% adjustment force to pull the imbalance back to balance;CPI has negative impact on premium growth,which reflects the effect of money income is greater than insurance value,while the premium growth has positive impact on itself.As far as its contribution to fluctuation of premium growth,CPI has slight effect.
出处
《广东商学院学报》
北大核心
2010年第2期67-71,共5页
Journal of Guangdong University of Business Studies
关键词
CPI
财产保险
保费
协整
VEC
CPI
property insurance
premium
cointegration
VEC
