Title

China: Does Government Health and Education Spending Boost Consumption?

Steven Barnett and Ray Brooks

China: Does Government Health and Education Spending Boost Consumption?

Consumption 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...
Topics: 
Economy