The (closely related) benefit is that we can get by without panel data, using instead only a relatively limited set of data obtainable from repeated cross-sectional surveys of household expenditures, of the sort that many countries conduct in order, for example, to compute consumer price indexes

Defining the 'global middle class' as being neither poor nor rich in the developed world, we estimate the size of the global middle class in China and 33 other countries and analyze China's expanding middle class in international perspective. China's global middle class has grown rapidly and has...

Defining the ‘global middle class’ as being neither poor nor rich in the developed world, we estimate the size of the global middle class in China and 33 other countries and analyze China’s expanding middle class in international perspective. China’s global middle class has grown rapidly...

Chapter1 An Analysis of the Factors affecting New-Generation Peasant Workers’ Decision-making of Vocational Training Participation —A Micro Perspective -- Chapter2 A Theoretical and Empirical Study on over-leaping the Middle Income Trap -- Chapter3 Middle Income Trap and the Innovation of...