Aiming at the dynamic characteristics test bench of sliding bearings, the dynamic model is established. Based on the forward and inverse dynamic problems of the bearing, a simulation evaluation method for the identification accuracy of the sliding bearing dynamic characteristics is proposed and the algorithm is verified. The identification errors of dynamic characteristic coefficients under different excitation frequencies are analyzed, the sensitivities of single frequency excitation method and dual-frequency excitation method to test error are contrastively analyzed, and the influence laws of dynamic characteristic identification accuracy of sliding bearing are evaluated. Based on which the traditional single frequency excitation method has been improved. The dynamic characteristic test should be carried out respectively in the low frequency range and the high frequency range. The main stiffness and cross damping are the average of two tests, the main damping is the identification value in the high frequency, and the cross stiffness is the identification value in the low frequency. That will effectively reduce the impact of test error. The obtained data and laws could support the improvement of the dynamic characteristics test method of sliding bearings and the confirmation of test parameters, thereby the accuracy of dynamic characteristics identification is improved.