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首页> 外文期刊>The North American journal of economics and finance >Identifying permanent and transitory risks in the Chinese property insurance market
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Identifying permanent and transitory risks in the Chinese property insurance market

机译：识别中国财产保险市场中的永久和暂时风险

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摘要

This paper develops a theoretical mode! to identify various risks in the Chinese property insurance market. Consequently, we apply a structural VAR model to quantify the magnitude, historical timing of these risks, and their dynamic impacts on the permanent and transitory components of the insurance premiums. The results indicate that the enormous amount of speculative funds flowing into China has aggravated insurance premiums as well as helped accelerate market volatilities due to its uncertain nature to the domestic economy and its short-term characteristic of investing. In particular, the speculative shock is shown to be the primary factor responsible for the transitory fluctuation of insurance premiums while the supply shock explains the preponderance of insurance premiums' permanent growth in recent years.
机译：本文开发了一种理论模式！识别中国财产保险市场中的各种风险。因此，我们使用结构化的VAR模型来量化这些风险的大小，历史时机及其对保险费的永久和暂时组成部分的动态影响。结果表明，由于投机资金流入中国的不确定性和投资的短期特征，流入中国的大量投机资金加剧了保险费，并有助于加速市场波动。特别是，投机性冲击被证明是造成保险费短暂波动的主要因素，而供应冲击则说明了近年来保险费的永久增长优势。

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