04563oam 22010334 450 991097205050332120250426110051.0978661284525397814623184211462318428978145275106114527510649781282845251128284525X97814519621301451962134(CKB)3390000000010812(EBL)1606061(OCoLC)671571364(IMF)WPIEE2010016(MiAaPQ)EBC1606061(IMF)WPIEA2010016WPIEA2010016(EXLCZ)99339000000001081220020129d2010 uf 0engur|n|---|||||txtrdacontentcrdamediacrrdacarrierChina : Does Government Health and Education Spending Boost Consumption? /Steven Barnett, R. Brooks1st ed.Washington, D.C. :International Monetary Fund,2010.1 online resource (15 p.)IMF Working PapersDescription 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 associated with a two yuan increase in urban household consumption.IMF Working Papers; Working Paper ;No. 2010/016Consumption (Economics)ChinaEconomicsChinaAggregate Factor Income DistributionimfConsumptionimfEconomicsimfEducation spendingimfExpenditureimfExpenditures, PublicimfHealth care spendingimfIncomeimfMacroeconomicsimfMacroeconomics: ConsumptionimfNational Government Expenditures and EducationimfNational Government Expenditures and HealthimfNational Government Expenditures and Related Policies: GeneralimfPublic finance & taxationimfPublic FinanceimfSavingimfWealthimfChina, People's Republic ofimfConsumption (Economics)EconomicsAggregate Factor Income DistributionConsumptionEconomicsEducation spendingExpenditureExpenditures, PublicHealth care spendingIncomeMacroeconomicsMacroeconomics: ConsumptionNational Government Expenditures and EducationNational Government Expenditures and HealthNational Government Expenditures and Related Policies: GeneralPublic finance & taxationPublic FinanceSavingWealth339.470951Barnett Steven1816081Brooks R350752International Monetary Fund.DcWaIMFBOOK9910972050503321China4371929UNINA