| As an important part of the modern economic system and the basic means of risk management,the insurance industry is an important guarantee and symbol of high-quality economic development,government governance and social civilization.Since the reform and opening-up,the insurance industry has also become an important part of China’s national system.As an emerging financial industry,digital inclusive finance is booming and has brought vitality to various industries in the economy and society,but there is little research on the relationship between digital finance and insurance density.The low level of insurance density will restrict the high-quality development of China’s regional economy in the new era.Therefore,vigorously promoting the development of the insurance industry should be the due meaning of high-quality economic development and people’s happy life.It is of great significance to study how digital inclusive finance can improve the level of insurance density.By combing the relevant literature at home and abroad,on the one hand,this paper clarifies the development,definition,and impact of digital inclusive finance.On the other hand,this paper reviews the researches on the influencing factors and regional differences of insurance,and combs and summarizes the existing research results from the perspective of empirical research.Based on the panel data of 287 prefecture level cities in China from 2011 to 2020,taking insurance density as the explanatory variable,taking China’s digital inclusive finance index as the core explanatory variable,and adding some control variables,this paper studies the spatial spillover effect of digital finance on insurance density and its mechanism by using Spatial Dobbin Model.Based on the three sub dimensions of digital inclusive finance,this paper analyzes the impact of digital inclusive finance on the growth of insurance density;The instrumental variable method is used to solve the endogenous problem,and a series of robustness tests are passed.Then the intermediary effect model is used to test the transmission mechanism of digital inclusive finance affecting insurance density.Finally,it puts forward targeted policy suggestions.The conclusions of this paper are as follows: First,the digital inclusive finance in this region can promote the insurance density in this region,but it has a negative spatial inhibitory effect on the insurance density in the surrounding areas;Second,the transmission channel of digital inclusive finance affecting insurance density is entrepreneurship.Digital inclusive finance will significantly enhance entrepreneurial activities in the region,and the increase in employment and income brought by the increase in entrepreneurial activities will promote the development of commercial insurance in the region;Third,the negative spatial inhibitory effect of digital inclusive finance on the insurance density of surrounding areas stems from the impact of digital inclusive finance on entrepreneurship.The jobs added by digital inclusive finance to promote entrepreneurship in the region will siphon the labor force and high-quality resources in the surrounding areas,and will have a negative spatial inhibitory effect on entrepreneurship in the surrounding areas,resulting in the negative spatial inhibitory effect of digital inclusive finance on insurance density in the surrounding areas;Fourth,structurally,the coverage and depth of digital inclusive finance have a strong effect on insurance density,while the effect of digitization is weaker. |
PDF Full Text Request