01900cas a2200277 a 4500 AALejournalIMF006362 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451982138 1018-5941 BD-DhAAL BD-DhAAL Baldacci, Emanuele. Public Expenditures on Social Programs and Household Consumption in China / Emanuele Baldacci, Ding Ding, David Coady, Giovanni Callegari. Washington, D.C. : International Monetary Fund, 2010. 1 online resource (28 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students 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 1u percentage points of GDP. Mode of access: Internet Callegari, Giovanni. Coady, David. Ding, Ding. IMF Working Papers; Working Paper ; No. 2010/069 Full text available on IMF http://elibrary.imf.org/view/journals/001/2010/069/001.2010.issue-069-en.xml IMF e-Library