Chinese Government Saving: New Estimation and Policy Application
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| Title | Chinese Government Saving: New Estimation and Policy Application
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| Author | Wang Dehua, Li Qiong |
| Organization | Chinese Acadamy of Social Science;University of International Business and Economics |
| Email | wangdh@cass.org.cn； |
| Key Words | Government Saving; Measurement Error; Decomposition Framework; Government Consumption. |
| Abstract | This paper re-estimated Chineses government saving rate from 1998 to 2008 based on the data from the Flow of Funds publisded by the National Bureau of Statistics, after four adjustments of the original data. The government saving rate in China has increased from 4.83% in 1998 to 11.98% in 2008, contributed half of the growth of national saving rate. Compared with other countries, both Chinese government saving rate and its proportion to national saving rate were higher than other countries.What's behind this high government saving rate? From the financial perspective, we found out that the reason for this extraordinary high government saving rate was low government consumption and high tax burden(exclude social insurance contributions), which indicated Chinese fiscal was still investment-oriented. |
| Serial Number | WP563 |
| Time | 2014-01-14 |
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