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Public Expenditures on Social Programs and Household Consumption in China, Emanuele Baldacci, Ding Ding, David Coady, Giovanni Callegari, Pietro Tommasino, Jaejoon Woo, Manmohan Kumar

Abstract
This paper shows that increasing government social expenditures can make a substantive contribution to increasing household consumption in China. The paper first undertakes an empirical study of the relationship between the savings rate and social expenditures for a panel of OECD countries and provides illustrative estimates of their implications for China. It then applies a generational accounting framework to Chinese household income survey data. This analysis suggests that a sustained 1 percent of GDP increase in public expenditures, distributed equally across education, health, and pensions, would result in a permanent increase the household consumption ratio of 1¼ percentage points of GDP
Table Of Contents
Cover Page; Title Page; Copyright Page; Contents; I. Introduction; II. Consumption Rates in China; 1. Private Consumption Expenditure in China; 2. Private Consumption Expenditure in Asia; 1. Determinants of Household Savings Rate: Survey of Evidence; III. Impact of Public Social Expenditures on Household Saving: Panel Analysis; 1. Household Saving Panel Regression, 1990-2008 (OECD); 2. Impact on Household Saving; IV. Assessing Impact of Expanding Social Programs in China: Methodology and Data; 2. Methodology for Estimating Consumption Impact of Social Expenditures
Language
eng
Literary Form
non fiction
Note
"March 2010"
Physical Description
1 online resource (49 p.)
Specific Material Designation
remote
Form Of Item
online
Isbn
9781462303281

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