| Description |
1 online resource (13 pages) : color illustrations |
| Series |
IMF working paper, 2227-8885 ; WP/10/16 |
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IMF working paper ; WP/10/16
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| Contents |
I. Introduction; II. Consumption and Saving in China: Stylized Facts; A. Consumption is Falling; Figures; 1. Consumption in China: Low and Falling; 2. Urban and Rural Saving Rates; 3. Urban and Rural Income; 4. Indicators of Urban and Rural Consumption and Income; B. More Stylized Facts; 5. Household Income and GDP per Capita; 6. Urban Household Saving Rate by Income Group; III. Reducing Precautionary Saving: A Role For Public Spending?; A. Urban Households; 7. Health and Education Spending; B. Rural Households; C. Robustness Checks; IV. Conclusion; Tables |
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1. Urban Households: Saving and Government Spending2. Rural Households: Saving and Government Spending; References |
| Summary |
Consumption in China is unusually low and has continued to decline as a share of GDP over the past decade. A key policy question is how to reverse this trend, and rebalance growth away from reliance on exports and investment and toward consumption. This paper investigates whether the sizable increase in government social spending in recent years lowered precautionary saving and increased consumption. The main findings are that spending on health, but not education, had an impact on household behavior. The impact, moreover, is large. A one yuan increase in government health spending is associated with a two yuan increase in urban household consumption |
| Bibliography |
Includes bibliographical references (page 13) |
| Notes |
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212 MiAaHDL |
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English |
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Print version record |
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digitized 2011 HathiTrust Digital Library committed to preserve pda MiAaHDL |
| Subject |
Consumption (Economics) -- China
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Saving and investment -- China
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Government spending policy -- China
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Public health -- China
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Education -- China.
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Consumption (Economics)
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Education
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Government spending policy
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Public health
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Saving and investment
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China
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| Form |
Electronic book
|
| Author |
Brooks, Ray, 1949- author
|
|
International Monetary Fund. Asia and Pacific Department, issuing body
|
| ISBN |
9781451918656 |
|
1451918658 |
|
1462318428 |
|
9781462318421 |
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1452751064 |
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9781452751061 |
|
128284525X |
|
9781282845251 |
|
9786612845253 |
|
6612845252 |
|
1451962134 |
|
9781451962130 |
|
