Access the full text.
Sign up today, get DeepDyve free for 14 days.
Loading next page...
/lp/world-scientific-publishing-company/middle-income-traps-a-conceptual-and-empirical-survey-340cyHCR49
References
References for this paper are not available at this time. We will be adding them shortly, thank you for your patience.
- Publisher
- World Scientific Publishing Company
- Copyright
- Copyright ©
- ISSN
- 1793-9933
- eISSN
- 1793-9941
- DOI
- 10.1142/S1793993315500131
- Publisher site
- See Article on Publisher Site
Abstract
The term "middle-income trap" has entered common parlance in the development policy community, despite the lack of a precise definition. This paper discusses in more detail the definitional issues associated with the term. It also provides evidence on whether the growth performance of middle-income countries (MICs) has been different from other income categories, including historical transition phases in the inter-country distribution of income. A transition matrix analysis and an exploration of cross-country growth patterns provide little support for the existence of a middle-income trap.
Journal
Journal of International Commerce, Economics and Policy – World Scientific Publishing Company
Published: Oct 1, 2015
Keywords: Economic growth convergence middle income countries