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Consumption Based Estimates of Urban Chinese Growth

Author/Editor: Marcos Chamon | Irineu E. Carvalho Filho
Authorized for Distribution: December 23, 2013
Electronic Access: Free Full Text (PDF file size is 468KB)
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Disclaimer: This Working Paper should not be reported as representing the views of the IMF. The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate.

Summary: This paper estimates the household income growth rates implied by food demand in a sample of urban Chinese households in 1993–2005. Our estimates, based on Engel curves for food consumption, indicate an average per capita income growth of 6.8 percent per year in 1993–2005. This figure is slightly larger than the 5.9 percent per year obtained by deflating nominal incomes by the CPI. We attribute this discrepancy to a small bias in the CPI, which is of a similar magnitude to the one often associated with the CPI in the United States. Our estimates indicate stronger gains among poorer households, suggesting that urban inflation up to 2005 in China was β€œpro-poor,” in the sense that the increase in the cost of living for poorer households was smaller than for the average one.
 
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Series: Working Paper No. 13/265
Subject(s): Economic growth | China | Income distribution | Private sector | Economic models
 
English  
    Published:   December 23, 2013        
    ISBN/ISSN:   9781484329672/1018-5941   Format:   Paper
    Stock No:   WPIEA2013265   Pages:   24
    Price:   US$18.00
       
     
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