Research On The Impact Of Regional Differences In The Development Of My Country's Insurance Industry On The Growth Of The Real Economy

At present,the international and domestic economic situation is complex and changeable.Under the background of power transformation and structural adjustment of China's economic growth,our country's real economy is still facing many challenges.The high quality development of the service entity economy is the core mission and important task of the financial industry in the new era.The insurance industry as an important part of the financial industry,a key role in the service of the real economy,and build a strong defense and increase the risk to guard against and defuse the risk ability,a lot of theoretical and empirical studies show that the development of the insurance industry and the economic growth is more and more important.At present,the research on the relationship between the insurance industry and the real economic development is mostly focused on the theoretical level,and the related research on the spatial spillover effect of the regional difference in the development of the insurance industry on the real economic growth is much less.In view of this,this paper describes and analyzes the development of China's insurance industry,regional differences and real economic development,and further uses Arc GIS and SPSS software to visualize the spatial level of the provincial characteristics of the insurance industry and the real economic development in China.The research finds that both the insurance industry and the real economy have obvious similar spatial agglomeration effects,and there are significant regional differences.Finally,based on the results of visual analysis,this paper takes the panel data of 30 provinces in China for 2007-2016 years as the sample,and constructs the spatial panel Dobbin model for empirical research,analyzes the spatial spillover effect of the insurance industry on the real economic growth,and explores the impact of the regional differences in the development of the insurance industry on the real economic growth.The results show that there is obvious spatial agglomeration effect and significant positive spatial spillover effect in the development of China's real economy;there is a significant positive influence between the development level of insurance industry and the growth of real economy,but the regional difference makes it show a negative influence on the spatial spillover effect;in addition,in the selected control variables,the silver is measured by the balance of the foreign currency loan balance.The level of industry development has a reverse effect on real economic growth,and has a positive spatial spillover effect.The industrial structure has a positive impact on real economic growth,but it has a negative spatial spillover effect,and the impact of macro regulation on the real economy is not significant.Finally,from the aspects of strengthening the regional cooperation of the insurance industry and the optimization and adjustment of the industrial structure,the countermeasures and suggestions for the high quality development of the insurance industry in our country are put forward.