The Rise of the Middle Class and Economic Growth in ASEAN
This paper presents estimates of the relationship between the share of income accruing to the middle class and gross domestic product per capita of economies from the Association of Southeast Asian Nations. The increase in gross domestic product pe...
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| Format: | Working Paper |
| Language: | English en_US |
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World Bank, Washington, DC
2017
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| Online Access: | http://documents.worldbank.org/curated/en/426681495130074444/The-rise-of-the-middle-class-and-economic-growth-in-ASEAN http://hdl.handle.net/10986/26760 |
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okr-10986-267602021-06-08T14:42:46Z The Rise of the Middle Class and Economic Growth in ASEAN Brueckner, Markus Dabla-Norris, Era Gradstein, Mark Lederman, Daniel MIDDLE CLASS INCOME INEQUALITY ECONOMIC GROWTH ASEAN HUMAN CAPITAL This paper presents estimates of the relationship between the share of income accruing to the middle class and gross domestic product per capita of economies from the Association of Southeast Asian Nations. The increase in gross domestic product per capita that these economies experienced during 1970–2010 significantly contributed to a higher share of income accruing to the middle class. The impact of the rise of the middle class on economic growth depends on the countries' initial level of gross domestic product per capita. In the majority of these countries, a rise of the middle class that is unrelated to gross domestic product per capita growth would have had a significant negative effect on economic growth, based on the values of the countries' gross domestic product per capita in 1970. In contrast, for recent values of gross domestic product per capita, a rise of the middle class would positively contribute to growth in gross domestic product per capita. The paper shows that human capital accumulation is an important channel through which a rise of the middle class affects economic growth. 2017-05-24T16:56:30Z 2017-05-24T16:56:30Z 2017-05 Working Paper http://documents.worldbank.org/curated/en/426681495130074444/The-rise-of-the-middle-class-and-economic-growth-in-ASEAN http://hdl.handle.net/10986/26760 English en_US Policy Research Working Paper;No. 8068 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Policy Research Working Paper East Asia and Pacific |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
MIDDLE CLASS INCOME INEQUALITY ECONOMIC GROWTH ASEAN HUMAN CAPITAL |
| spellingShingle |
MIDDLE CLASS INCOME INEQUALITY ECONOMIC GROWTH ASEAN HUMAN CAPITAL Brueckner, Markus Dabla-Norris, Era Gradstein, Mark Lederman, Daniel The Rise of the Middle Class and Economic Growth in ASEAN |
| geographic_facet |
East Asia and Pacific |
| relation |
Policy Research Working Paper;No. 8068 |
| description |
This paper presents estimates of the
relationship between the share of income accruing to the
middle class and gross domestic product per capita of
economies from the Association of Southeast Asian Nations.
The increase in gross domestic product per capita that these
economies experienced during 1970–2010 significantly
contributed to a higher share of income accruing to the
middle class. The impact of the rise of the middle class on
economic growth depends on the countries' initial level
of gross domestic product per capita. In the majority of
these countries, a rise of the middle class that is
unrelated to gross domestic product per capita growth would
have had a significant negative effect on economic growth,
based on the values of the countries' gross domestic
product per capita in 1970. In contrast, for recent values
of gross domestic product per capita, a rise of the middle
class would positively contribute to growth in gross
domestic product per capita. The paper shows that human
capital accumulation is an important channel through which a
rise of the middle class affects economic growth. |
| format |
Working Paper |
| author |
Brueckner, Markus Dabla-Norris, Era Gradstein, Mark Lederman, Daniel |
| author_facet |
Brueckner, Markus Dabla-Norris, Era Gradstein, Mark Lederman, Daniel |
| author_sort |
Brueckner, Markus |
| title |
The Rise of the Middle Class and Economic Growth in ASEAN |
| title_short |
The Rise of the Middle Class and Economic Growth in ASEAN |
| title_full |
The Rise of the Middle Class and Economic Growth in ASEAN |
| title_fullStr |
The Rise of the Middle Class and Economic Growth in ASEAN |
| title_full_unstemmed |
The Rise of the Middle Class and Economic Growth in ASEAN |
| title_sort |
rise of the middle class and economic growth in asean |
| publisher |
World Bank, Washington, DC |
| publishDate |
2017 |
| url |
http://documents.worldbank.org/curated/en/426681495130074444/The-rise-of-the-middle-class-and-economic-growth-in-ASEAN http://hdl.handle.net/10986/26760 |
| _version_ |
1764462783618875392 |