On the Existence of a Middle-Income Trap

Ye, L and Robertson, P 2016, 'On the Existence of a Middle-Income Trap', Economic Record, vol. 92, no. 297, pp. 173-189.

Document type: Journal Article
Collection: Journal Articles

Title On the Existence of a Middle-Income Trap
Author(s) Ye, L
Robertson, P
Year 2016
Journal name Economic Record
Volume number 92
Issue number 297
Start page 173
End page 189
Total pages 17
Publisher Wiley-Blackwell Publishing Asia
Abstract The concept of a 'middle-income trap' has attracted enormous interest, but the existing literature lacks formal tests. We develop and apply a test of some necessary conditions for a country to be in a middle-income trap that take into account short-run dynamics, stochastic trends and structural breaks. We find that only seven countries satisfy our definition of a middle income trap.
Subject Economic Development and Growth
Keyword(s) Economic Growth
Economic Development
DOI - identifier 10.1111/1475-4932.12245
Copyright notice © 2016 Economic Society of Australia
ISSN 0013-0249
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Citation counts: TR Web of Science Citation Count  Cited 3 times in Thomson Reuters Web of Science Article | Citations
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