The Role of Middle Class in Economic Development: What Do Cross-Country Data Show?
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 throu...
| Main Authors: | , , , |
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| Format: | Journal Article |
| Language: | English |
| Published: |
WILEY
2017
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| Subjects: | |
| Online Access: | https://onlinelibrary.wiley.com/doi/abs/10.1111/rode.12265 http://hdl.handle.net/20.500.11937/80692 |
| _version_ | 1848764250955186176 |
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| author | Chun, Natalie Hasan, Rana Rahman, Muhammad Habibur Ulubaşoğlu, Mehmet Ali |
| author_facet | Chun, Natalie Hasan, Rana Rahman, Muhammad Habibur Ulubaşoğlu, Mehmet Ali |
| author_sort | Chun, Natalie |
| building | Curtin Institutional Repository |
| collection | Online Access |
| description | 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. |
| first_indexed | 2025-11-14T11:16:23Z |
| format | Journal Article |
| id | curtin-20.500.11937-80692 |
| institution | Curtin University Malaysia |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-14T11:16:23Z |
| publishDate | 2017 |
| publisher | WILEY |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | curtin-20.500.11937-806922021-01-15T04:10:30Z The Role of Middle Class in Economic Development: What Do Cross-Country Data Show? Chun, Natalie Hasan, Rana Rahman, Muhammad Habibur Ulubaşoğlu, Mehmet Ali Social Sciences Development Studies Economics Business & Economics SOCIAL-MOBILITY WORLD 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. 2017 Journal Article http://hdl.handle.net/20.500.11937/80692 10.1111/rode.12265 English https://onlinelibrary.wiley.com/doi/abs/10.1111/rode.12265 WILEY restricted |
| spellingShingle | Social Sciences Development Studies Economics Business & Economics SOCIAL-MOBILITY WORLD Chun, Natalie Hasan, Rana Rahman, Muhammad Habibur Ulubaşoğlu, Mehmet Ali The Role of Middle Class in Economic Development: What Do Cross-Country Data Show? |
| title | The Role of Middle Class in Economic Development: What Do Cross-Country Data Show? |
| title_full | The Role of Middle Class in Economic Development: What Do Cross-Country Data Show? |
| title_fullStr | The Role of Middle Class in Economic Development: What Do Cross-Country Data Show? |
| title_full_unstemmed | The Role of Middle Class in Economic Development: What Do Cross-Country Data Show? |
| title_short | The Role of Middle Class in Economic Development: What Do Cross-Country Data Show? |
| title_sort | role of middle class in economic development: what do cross-country data show? |
| topic | Social Sciences Development Studies Economics Business & Economics SOCIAL-MOBILITY WORLD |
| url | https://onlinelibrary.wiley.com/doi/abs/10.1111/rode.12265 http://hdl.handle.net/20.500.11937/80692 |