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...

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...

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...

The report discusses the needed fiscal adjustment under the no Compact renewal and Compact renewal scenarios, respectively. The report also discusses the IMF estimates and projections of the Republic of Palau's selected social indicators, 1995 and 2000–07; gross domestic product during 2002–07; national government debt and debt service, 1999/00–2006/07; national go...