File(s) under permanent embargo
The role of middle class in economic development: what do cross-country data show?
journal contribution
posted on 2017-05-01, 00:00 authored by N Chun, R Hasan, Md Habibur Rahman, Mehmet UlubasogluMehmet UlubasogluThis paper investigates the channels through which the middle class may matter for consumption growth. Using several different middle-class measures and a panel of 105 developing countries spanning the period 1985-2013, we find that a larger middle class influences consumption growth primarily through higher levels of human capital accumulation. There is also a significant direct effect of middle-class size on consumption growth, which is more pronounced in the latter half of the sample, the 2000-2013 period.
History
Journal
Review of development economicsVolume
21Issue
2Pagination
404 - 424Publisher
WileyLocation
London, Eng.Publisher DOI
ISSN
1363-6669eISSN
1467-9361Language
engPublication classification
C1 Refereed article in a scholarly journal; C Journal articleCopyright notice
2016, WileyUsage metrics
Categories
No categories selectedLicence
Exports
RefWorks
BibTeX
Ref. manager
Endnote
DataCite
NLM
DC