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The rise of the middle class in Ecuador during the oil boom

Gachet, Iván and Grijalva, Diego and Ponce, Paúl and Rodríguez, Damián (2017) The rise of the middle class in Ecuador during the oil boom. Cuadernos de Economía, 36 (72). pp. 327-352. ISSN 2248-4337

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Resumen

In this paper we analyse the evolution of the middle class in Ecuador during the commodities boom (2005-2015). Using the definition of middle class proposed by López-Calva and Ortiz-Juarez (2014), we document an impressive rise of the middle class, which doubled in this period and peaked at 37.4% of the population in 2015. A factor that has played an important role in this social change is the reduction in inequality although growth is responsible for over three-quarters of the rise of the middle class. Based on an analysis of the macroeconomic and labour conditionsassociated with the evolution of the middle class, we argue that the recent slowdown in growth and reduction in inequality following the end of the commodities boom poses a risk for the size of the middle class. This is a serious challenge for policy makers.

Tipo de documento:Artículo - Article
Palabras clave:Ecuador, middle class, inequality, commodities boom.
Temática:3 Ciencias sociales / Social sciences > 33 Economía / Economics
Unidad administrativa:Revistas electrónicas UN > Cuadernos de Economía
Código ID:61699
Enviado por : Dirección Nacional de Bibliotecas STECNICO
Enviado el día :19 Enero 2018 19:51
Ultima modificación:19 Enero 2018 19:51
Ultima modificación:19 Enero 2018 19:51
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