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Growth imbalance and government responsibility: From the perspective of social spending

Author

Listed:
  • ZHANG Xiaojing

    (Institute of Economics, Chinese Academy of Social Sciences, Beijing 100836, China)

  • WANG Hongju

    (Institute of Economics, Chinese Academy of Social Sciences, Beijing 100836, China)

  • CHANG Xin

    (Institute of Economics, Chinese Academy of Social Sciences, Beijing 100836, China)

Abstract

There exists a kind of growth imbalance in China's current development process, which is essentially characterized by the imbalance between the nation's wealth and the people's welfare. This paper points out that growth imbalance results mostly from insufficient government social spending on people's welfare. Consequently, the government should shoulder the basic responsibility for the provision of education, health and social security, quicken the transformation of government expenditure structure and increase the share of social spending, in order to improve the people's welfare and achieve the rebalancing of growth. The increase in social spending can also promote the accumulation of human capital, which will help the conversion of economic growth pattern and the realization of sustainable and healthy economic development.

Suggested Citation

  • ZHANG Xiaojing & WANG Hongju & CHANG Xin, 2007. "Growth imbalance and government responsibility: From the perspective of social spending," Frontiers of Economics in China-Selected Publications from Chinese Universities, Higher Education Press, vol. 2(3), pages 362-387, September.
    • Handle: RePEc:fec:journl:v:2:y:2007:i:3:p:362-387
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    File URL: http://journal.hep.com.cn/fec/EN/10.1007/s11459-007-0019-8
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    More about this item

    Keywords

    growth imbalance; government responsibility; social spending; human capital accumulation;
    All these keywords.

    JEL classification:

    • H51 - Public Economics - - National Government Expenditures and Related Policies - - - Government Expenditures and Health
    • H52 - Public Economics - - National Government Expenditures and Related Policies - - - Government Expenditures and Education
    • H53 - Public Economics - - National Government Expenditures and Related Policies - - - Government Expenditures and Welfare Programs
    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory

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