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- Title
Middle-Income Traps: A Conceptual and Empirical Survey.
- Authors
Im, Fernando Gabriel; Rosenblatt, David
- 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.
- Subjects
ASIA; ECONOMIC development; ECONOMIC convergence; MIDDLE-income countries; WORLD Bank; INCOME accounting
- Publication
Journal of International Commerce, Economics & Policy, 2015, Vol 6, Issue 3, p-1
- ISSN
1793-9933
- Publication type
Article
- DOI
10.1142/S1793993315500131