AGDI currently has about 300 publications.
2014 |
|
| 1. | Kodila-Tedika, Simplice ASONGU & Julio Mukendi Kayembe Oasis A Middle class in Africa: Determinants and Consequences 2014. Abstract | Links | BibTeX | Tags: Poverty; Inequality; Middle class; Africa @workingpaper{Kodila-Tedika2014, title = {Middle class in Africa: Determinants and Consequences}, author = {Simplice ASONGU & Julio Mukendi Kayembe A Oasis Kodila-Tedika}, editor = {African 2014 Governance and Development Institute WP/26/14}, url = {http://www.afridev.org/RePEc/agd/agd-wpaper/Middle-class-in-Africa.Determinants-and-Consequences.pdf}, year = {2014}, date = {2014-12-01}, abstract = {This study complements the inclusive growth literature by examining the determinants and consequences of the middle class in a continent where economic growth has been relatively high. The empirical evidence is based on a sample of 33 African countries for a 2010 crosssectional study. OLS, 2SLS, 3SLS and SUR estimation techniques are employed to regress a plethora of middle class indicators, notably, the: floating, middle-class with floating, middleclass without floating, lower-middle-income and upper-middle-income categories. Results can be classified into two main strands. First, results on determinants broadly show that GDP per capita and education positively affect all middle class dependent variables. However, we have seen a negative nexus for the effect of ethnic fragmentation, political stability in general and partially for economic vulnerability. Simple positive correlations have been observed for: the size of the informal sector, openness and democracy. Second, on the consequences, the middle class enables the accumulation of human and infrastructural capital, while its effect is null on political stability and democracy in the short-run but positive for governance and modernisation. Policy implications are discussed.}, keywords = {Poverty; Inequality; Middle class; Africa}, pubstate = {published}, tppubtype = {workingpaper} } This study complements the inclusive growth literature by examining the determinants and consequences of the middle class in a continent where economic growth has been relatively high. The empirical evidence is based on a sample of 33 African countries for a 2010 crosssectional study. OLS, 2SLS, 3SLS and SUR estimation techniques are employed to regress a plethora of middle class indicators, notably, the: floating, middle-class with floating, middleclass without floating, lower-middle-income and upper-middle-income categories. Results can be classified into two main strands. First, results on determinants broadly show that GDP per capita and education positively affect all middle class dependent variables. However, we have seen a negative nexus for the effect of ethnic fragmentation, political stability in general and partially for economic vulnerability. Simple positive correlations have been observed for: the size of the informal sector, openness and democracy. Second, on the consequences, the middle class enables the accumulation of human and infrastructural capital, while its effect is null on political stability and democracy in the short-run but positive for governance and modernisation. Policy implications are discussed. |
