Public Expenditures on Social Programs and Household Consumption in China

@inproceedings{Baldacci2010PublicEO,
  title={Public Expenditures on Social Programs and Household Consumption in China},
  author={Emanuele Baldacci and De Rao Ding and David Coady and Giovanni Callegari and Pietro Tommasino and Jaejoon Woo and Manmohan S. Kumar},
  year={2010}
}
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… CONTINUE READING

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