Study on Contribution Rate of Essential Factor Market of Insurance Development to Economic Growth

Demonstration Analysis based on Chongqing in China

The article studies on the contribution role of essential factor market of insurance in financial industry development to economic growth in Chongqing in both aspects of direct and indirect contribution by the way of demonstration analysis. The conclusion shows that essential factor market of insurance development falls behind of economic growth in direct aspect; BBD, BLD and FIR could pull economic growth, but ID just restrain economic growth in Chongqing. At last, the article put forward some relevant policy suggestion on how to make essential factor market of insurance development smoothly.