Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/109383
Authors: 
Chun, Natalie
Hasan, Rana
Ulubasoglu, Mehmet
Year of Publication: 
2011
Series/Report no.: 
ADB Economics Working Paper Series 245
Abstract: 
This 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.
Persistent Identifier of the first edition: 
Creative Commons License: 
http://creativecommons.org/licenses/by/3.0/igo
Document Type: 
Working Paper

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