@techreport{ff1d4fc5f32344659424c7864927cb58,
title = "Public Expenditures on Social Programs and Household Consumption in China",
abstract = "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 percent of GDP increase in public expenditures, distributed equally across education, health, and pensions, would result in a permanent increase the household consumption ratio of 1¼ percentage points of GDP.",
keywords = "China, People\'s Republic of, Cross country analysis, Economic models, Education, Fiscal reforms, Government expenditures, Health care, Income distribution, Pensions, Private consumption, Private savings, Social safety nets",
author = "Emanuele Baldacci and Giovanni Callegari and Coady, \{David P.\} and Ding Ding and Manmohan Kumar and Pietro Tommasino and Jaejoon Woo",
year = "2010",
month = mar,
day = "29",
language = "American English",
series = "IMF Working Papers, Vol. , pp. 1-28, 2010",
type = "WorkingPaper",
}