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The role of middle class in economic development: what do cross-country data show?

Chun, Natalie, Hasan, Rana, Rahman, Md Habibur and Ulubaşoğlu, Mehmet A 2016, The role of middle class in economic development: what do cross-country data show?, Review of development economics, In Press, pp. 1-21, doi: 10.1111/rode.12265.

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Title The role of middle class in economic development: what do cross-country data show?
Author(s) Chun, Natalie
Hasan, Rana
Rahman, Md Habibur
Ulubaşoğlu, Mehmet A
Journal name Review of development economics
Season In Press
Start page 1
End page 21
Total pages 21
Publisher Wiley
Place of publication Chichester, Eng.
Publication date 2016-01-01
ISSN 1363-6669
1467-9361
Summary This 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.
Language eng
DOI 10.1111/rode.12265
Field of Research 140202 Economic Development and Growth
140299 Applied Economics not elsewhere classified
Socio Economic Objective 910103 Economic Growth
HERDC Research category C1 Refereed article in a scholarly journal
ERA Research output type C Journal article
Copyright notice ©2016, Wiley
Persistent URL http://hdl.handle.net/10536/DRO/DU:30084281

Document type: Journal Article
Collection: Department of Economics
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