Title Consumption based estimates of urban Chinese growth / Marcos Chamon and Irineu de Carvalho Filho

Published [Washington, D.C.] : International Monetary Fund, ©2013

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Description 1 online resource : illustrations Series IMF working paper ; WP/13/265 IMF working paper ; WP/13/265. Contents Cover; Contents; I. Introduction; II. Empirical Methodology; III. Data; IV. Results; Parametric Model; Semi-Parametric Model; Robustness; Distributional Implications; V. Conclusion; References; Tables; 1. Summary Statistics; 2. Parametric Regression Results; 3. Implications of Estimated Bias for Consumption and Income Growth in 1993-2005; Figures; 1. Non-Parametric Estimates of Relationship between Food Shares and Household Expenditure; 2. Semi-Parametric Estimates of Relationship between Food Shares and Household Expenditure 3. Estimated Bias in 1993-2005 as a Function of CPI-Measured Real Expenditure in 20054. Estimated Cumulative Bias in China since 1993 across Different Methods and samples; 5. Estimated Cumulative Bias and Confidence Intervals under Different Methodologies Summary "This paper estimates the household income growth rates implied by food demand in a sample of urban Chinese households in 1993-2005. Our estimates, based on Engel curves for food consumption, indicate an average per capita income growth of 6.8 percent per year in 1993-2005. This figure is slightly larger than the 5.9 percent per year obtained by deflating nominal incomes by the CPI. We attribute this discrepancy to a small bias in the CPI, which is of a similar magnitude to the one often associated with the CPI in the United States. Our estimates indicate stronger gains among poorer households, suggesting that urban inflation up to 2005 in China was "pro-poor," in the sense that the increase in the cost of living for poorer households was smaller than for the average one"--Abstract Notes Title from PDF title page (IMF Web site, viewed December 30, 2013) "Research Department"--Page 2 of pdf "November 2013"--Page 2 of pdf Bibliography Includes bibliographical references (pages 14-16) Subject Income -- China Income -- China -- Econometric models Households -- Economic aspects -- China Households -- Economic aspects -- China -- Econometric models Food consumption -- China Food consumption -- China -- Econometric models Economic history Food consumption Food consumption -- Econometric models Households -- Economic aspects Households -- Economic aspects -- Econometric models Income Income -- Econometric models SUBJECT China -- Economic conditions. http://id.loc.gov/authorities/subjects/sh85024011 Subject China Form Electronic book Author Carvalho Filho, Irineu de, author. International Monetary Fund. Research Department, issuing body. ISBN 9781475552027 1475552025

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