02803nam 2200505Ia 450 991046501860332120170817212244.01-4623-1842-81-4527-5106-41-282-84525-X97866128452531-4519-6213-4(CKB)3390000000010812(EBL)1606061(OCoLC)671571364(MiAaPQ)EBC1606061(EXLCZ)99339000000001081220100902d2010 uf 0engur|n|---|||||China[electronic resource] does government health and education spending boost consumption? /Steven Barnett and Ray BrooksWashington, D.C. International Monetary Fundc20101 online resource (15 p.)IMF working paper ;WP/10/16Description based upon print version of record.Includes bibliographical references.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; Tables1. Urban Households: Saving and Government Spending2. Rural Households: Saving and Government Spending; ReferencesConsumption 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 associatIMF working paper ;WP/10/16.Consumption (Economics)ChinaEconomicsChinaElectronic books.Consumption (Economics)EconomicsBarnett Steven914632Brooks Ray1949-982151International Monetary Fund.MiAaPQMiAaPQMiAaPQBOOK9910465018603321China2241542UNINA