On the Existence of a Middle-Income Trap.

• Autores: Longfeng Ye, Peter E Robertson
• Localización: Economic record, ISSN 0013-0249, Vol. 92, Nº. 297, 2016, págs. 173-189
• Idioma: inglés
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• Resumen

  • 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.