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Public Expenditures on Social Programs and Household Consumption in China
Mr.David CoadyGiovanni CallegariDing DingJaejoon WooPietro TommasinoMr.Emanuele BaldacciMr.Manmohan S. Kumar
出版International Monetary Fund, 2010-03-01
主題Business & Economics / Economics / MacroeconomicsBusiness & Economics / Public Finance
ISBN14519821359781451982138
URLhttp://books.google.com.hk/books?id=d5MYEAAAQBAJ&hl=&source=gbs_api
EBookSAMPLE
註釋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 11⁄4 percentage points of GDP.