Finance and growth emerged as a distinct field of economics during the last three decades as economists integrated the fields of finance and economic growth and then explored the ramifications of the functioning of financial systems on economic growth, income distribution, and poverty. In this...

The impact of the expansion of the middle class in developing countries has been widely investigated in recent years. The middle class is generally apprehended by its overall demographic size, which, we believe, may hide crucial features and differences across nations because the composition of...