LEADER 04237oam 22009134 450 001 9910788709703321 005 20230725052155.0 010 $a1-4623-1842-8 010 $a1-4527-5106-4 010 $a1-282-84525-X 010 $a9786612845253 010 $a1-4519-6213-4 035 $a(CKB)3390000000010812 035 $a(EBL)1606061 035 $a(OCoLC)671571364 035 $a(MiAaPQ)EBC1606061 035 $a(IMF)WPIEE2010016 035 $a(EXLCZ)993390000000010812 100 $a20020129d2010 uf 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt$2rdacontent 182 $cc$2rdamedia 183 $acr$2rdacarrier 200 10$aChina : $eDoes Government Health and Education Spending Boost Consumption? 210 1$aWashington, D.C. :$cInternational Monetary Fund,$d2010. 215 $a1 online resource (15 p.) 225 1 $aIMF Working Papers 300 $aDescription based upon print version of record. 320 $aIncludes bibliographical references. 327 $aContents; 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; Tables 327 $a1. Urban Households: Saving and Government Spending2. Rural Households: Saving and Government Spending; References 330 3 $aConsumption in China is unusually low and has continued to decline as a share of GDP over the past decade. A key policy question is how to reverse this trend, and rebalance growth away from reliance on exports and investment and toward consumption. This paper investigates whether the sizable increase in government social spending in recent years lowered precautionary saving and increased consumption. The main findings are that spending on health, but not education, had an impact on household behavior. The impact, moreover, is large. A one yuan increase in government health spending is associated with a two yuan increase in urban household consumption. 410 0$aIMF Working Papers; Working Paper ;$vNo. 2010/016 606 $aConsumption (Economics)$zChina 606 $aEconomics$zChina 606 $aMacroeconomics$2imf 606 $aPublic Finance$2imf 606 $aNational Government Expenditures and Health$2imf 606 $aNational Government Expenditures and Related Policies: General$2imf 606 $aMacroeconomics: Consumption$2imf 606 $aSaving$2imf 606 $aWealth$2imf 606 $aAggregate Factor Income Distribution$2imf 606 $aNational Government Expenditures and Education$2imf 606 $aPublic finance & taxation$2imf 606 $aHealth care spending$2imf 606 $aExpenditure$2imf 606 $aConsumption$2imf 606 $aIncome$2imf 606 $aEducation spending$2imf 606 $aExpenditures, Public$2imf 606 $aEconomics$2imf 607 $aChina, People's Republic of$2imf 615 0$aConsumption (Economics) 615 0$aEconomics 615 7$aMacroeconomics 615 7$aPublic Finance 615 7$aNational Government Expenditures and Health 615 7$aNational Government Expenditures and Related Policies: General 615 7$aMacroeconomics: Consumption 615 7$aSaving 615 7$aWealth 615 7$aAggregate Factor Income Distribution 615 7$aNational Government Expenditures and Education 615 7$aPublic finance & taxation 615 7$aHealth care spending 615 7$aExpenditure 615 7$aConsumption 615 7$aIncome 615 7$aEducation spending 615 7$aExpenditures, Public 615 7$aEconomics 712 02$aInternational Monetary Fund. 801 0$bDcWaIMF 906 $aBOOK 912 $a9910788709703321 996 $aChina$956906 997 $aUNINA