Title

Public Expenditures on Social Programs and Household Consumption in China

Emanuele Baldacci, Giovanni Callegari, David Coady, Ding Ding, Manmohan Kumar, Pietro Tommasino, and Jaejoon Woo

Public Expenditures on Social Programs and Household Consumption in China

This paper argues 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...
Topics: 
Economy
Keywords: 
Social Programs