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The Role of the Middle Class in Economic Development: What Do Cross-Country Data Show?

dc.contributor.authorNatalie Chun
dc.contributor.authorRana Hasan
dc.contributor.authorMehmet Ulubasoglu
dc.date.accessioned2015-01-30T14:45:54Z
dc.date.available2015-01-30T14:45:54Z
dc.date.issued2011-01-01
dc.identifier.urihttp://hdl.handle.net/11540/2081
dc.description.abstractThis paper investigates the channels through which the middle class may matter for consumption growth and development. Determinants of the size and the growth of the middle class are also examined. Using several different middle class measures and a panel of 72 developing countries spanning the period 1985–2006, we find that a larger middle class influences growth primarily through higher levels of human capital investment. We also find that large governments, higher levels of urbanization, greater democracy, ethnic concentration, and sea access are all associated with a larger middle class.
dc.languageEnglish
dc.publisherAsian Development Bank
dc.rightsCC BY 3.0 IGO
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.titleThe Role of the Middle Class in Economic Development: What Do Cross-Country Data Show?
dc.typeWorking Papers
dc.subject.expertEconomic Welfare
dc.subject.expertEconomic Incentives
dc.subject.adbSocial condition
dc.subject.adbEconomic dependence
dc.subject.adbEconomic assistance
dc.subject.naturalWelfare economics
dc.subject.naturalWelfare state
dc.subject.naturalPoor
dc.subject.naturalFood relief
dc.subject.naturalPoverty
dc.subject.naturalDomestic economic assistance
dc.title.seriesADB Economics Working Paper Series
dc.title.volumeNo. 245
dc.contributor.imprintAsian Development Bank
oar.themeEconomics
oar.themeLabor Migration
oar.adminregionAsia and the Pacific Region
oar.countryBangladesh
oar.countryBhutan
oar.countryIndia
oar.countryMaldives
oar.countryNepal
oar.countrySri Lanka
oar.countryBrunei Darussalam
oar.countryCambodia
oar.countryIndonesia
oar.countryLao People's Democratic Republic
oar.countryMalaysia
oar.countryMyanmar
oar.countryPhilippines
oar.countrySingapore
oar.countryThailand
oar.countryViet Nam
oar.countryCook Islands
oar.countryFiji
oar.countryKiribati
oar.countryMarshall Islands
oar.countryMicronesia, Federated States of
oar.countryNauru
oar.countryPalau
oar.countryPapua New Guinea
oar.countrySamoa
oar.countrySolomon Islands
oar.countryTimor-Leste
oar.countryTonga
oar.countryTuvalu
oar.countryVanuatu
oar.countryAfghanistan
oar.countryArmenia
oar.countryAzerbaijan
oar.countryGeorgia
oar.countryKazakhstan
oar.countryKyrgyz Republic
oar.countryPakistan
oar.countryTajikistan
oar.countryTurkmenistan
oar.countryUzbekistan
oar.countryChina, People's Republic of
oar.countryHong Kong, China
oar.countryRepublic of Korea
oar.countryMongolia
oar.countryTaipei,China
oar.identifierOAR-001604
oar.authorChun, Natalie
oar.authorHasan, Rana
oar.authorUlubasoglu, Mehmet
oar.importtrue
oar.googlescholar.linkpresenttrue


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