How does access to credit impact consumption volatility? Theory and evidence from advanced economies suggests that … greater household access to finance smooths consumption. Evidence from emerging markets, where consumption is usually more … volatile than income, indicates that financial reform further increases the volatility of consumption relative to output. We …

, and find that changes in consumption patterns are inconsistent with official estimates of near stagnant incomes. That is …

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 … saving and increased consumption. The main findings are that spending on health, but not education, had an impact on …

household consumption in China. The paper first undertakes an empirical study of the relationship between the savings rate and … result in a permanent increase the household consumption ratio of 1¼ percentage points of GDP. …

This paper gauges the key determinants of China's private consumption in relation to GDP using data on the Chinese … economy and evidence from other countries' experiences. The results suggest there is nothing "special" about consumption in … creating alternative savings instruments are likely to have the biggest impact on consumption. Other mechanisms to raise …

swings in saving by the rich must actually have played the most important role in the consumption boom-bust, since since the …

in 1993–2005. Our estimates, based on Engel curves for food consumption, indicate an average per capita income growth …