The Rise of the Middle Class and Economic Growth in ASEAN
We present instrumental variables estimates of the relationship between the share of income accruing to the middle class and GDP per capita. The increase in GDP per capita that ASEAN economies experienced during 1970–2010 significantly contributed to a higher share of income accruing to the middle c...
| Main Authors: | , , , |
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| Format: | Journal Article |
| Published: |
Elsevier
2018
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| Subjects: | |
| Online Access: | http://hdl.handle.net/10986/29296 |