LEADER 02979nam 2200565Ia 450 001 9910823363903321 005 20200520144314.0 010 $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(IMF)WPIEE2010016 035 $a(MiAaPQ)EBC1606061 035 $a(EXLCZ)993390000000010812 100 $a20100902d2010 uf 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt$2rdacontent 182 $cc$2rdamedia 183 $acr$2rdacarrier 200 10$aChina $edoes government health and education spending boost consumption? /$fSteven Barnett and Ray Brooks 205 $a1st ed. 210 $aWashington, D.C. $cInternational Monetary Fund$dc2010 215 $a1 online resource (15 p.) 225 1 $aIMF working paper ;$vWP/10/16 300 $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 paper ;$vWP/10/16. 606 $aConsumption (Economics)$zChina 606 $aEconomics$zChina 615 0$aConsumption (Economics) 615 0$aEconomics 676 $a339.470951 700 $aBarnett$b Steven$01661138 701 $aBrooks$b Ray$f1949-$01756492 712 02$aInternational Monetary Fund. 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910823363903321 996 $aChina$94193781 997 $aUNINA