Title Public expenditures on social programs and household consumption in China / prepared by Emanuele Baldacci [and others]

Published Washington : International Monetary Fund, 2010

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Description 1 online resource (49 pages) Series IMF working paper ; WP/10/69 IMF working paper ; WP/10/69. 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 3. Average Propensities to Consume Out of Lifetime Income3. Constructing Lifetime Income and Average Propensities to Consume; V. Assessing the Impact of Expenditure Reforms; VI. Summary and Policy Implications; 3. Individual Component of Public Expenditures; 4. Consumption Shares of Various Consumption Categories; 5. Per Capita Transfers under Different Social Expenditure Reforms; 6. Per Capita Transfers and Consumption; References; Footnotes Summary 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 pension Notes Title from PDF title page (publisher's Web site, viewed Apr. 13, 2010) Bibliography Includes bibliographical references Notes English Subject Government spending policy -- China Expenditures, Public Government spending policy Social policy SUBJECT China -- Social policy China -- Appropriations and expenditures Subject China Form Electronic book Author Baldacci, Emanuele, author. ISBN 9781452742984 1452742987 1283555948 9781283555944 9781451982138 1451982135 1462303285 9781462303281 9786613868398 6613868396 1451981988 9781451981988

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