Middle-Income Growth Traps

Middle-Income Growth Traps

This paper studies the existence of middle-income growth traps in a two-period overlapping generations model of economic growth with two types of labor and endogenous occupational choices. It also distinguishes between "basic" and "a...

Full description

Bibliographic Details
Main Authors:	Agénor, Pierre-Richard, Canuto, Otaviano
Format:	Policy Research Working Paper
Language:	English en_US
Published:	World Bank, Washington, DC 2012
Subjects:	ACCOUNTING ADVERSE CONSEQUENCES AGGREGATE DEMAND AGGREGATE DEMAND CURVE AGRICULTURE ALLOCATION ARBITRAGE BANK POLICY BARRIERS TO ENTRY BEQUESTS BONDS BRAIN DRAINS BUDGET CONSTRAINT BUDGET CONSTRAINTS BUSINESS CYCLE CAPITAL ACCUMULATION CAPITAL STOCK CAPITAL STOCKS COMPETITIVENESS CONCAVE CURVE CONSTANT RETURNS DEBTS DECREASING RETURNS DEVELOPING COUNTRIES DEVELOPING COUNTRY DEVELOPMENT ECONOMICS DEVELOPMENT POLICY DISCOUNT RATE ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC RESEARCH EMPLOYMENT ENDOGENOUS INNOVATION EQUILIBRIUM EXCLUSIVE RIGHTS EXPENDITURE EXPORTS FINANCES FINANCIAL CRISIS FORMAL ANALYSIS GDP GDP PER CAPITA GOVERNMENT BUDGET GOVERNMENT FUNDING GOVERNMENT REVENUES GOVERNMENT SPENDING GROWTH ACCOUNTING GROWTH MODEL GROWTH MODELS GROWTH PROCESS GROWTH RATE HOLDING HUMAN CAPITAL IMPERFECT COMPETITION IMPERFECT SUBSTITUTES INCOME INCOME GROWTH INCOME LEVELS INFRASTRUCTURE INVESTMENT INNOVATION INTERMEDIATE GOODS INTERMEDIATE INPUT INTERNATIONAL BANK INTERNATIONAL ECONOMICS INTERNATIONAL MARKETS KNOWLEDGE DIFFUSION LABOR COSTS LABOR FORCE LABOR MARKET LABOR MARKET RIGIDITIES LABOR SUPPLY
Online Access:	http://documents.worldbank.org/curated/en/2012/09/16769897/middle-income-growth-traps http://hdl.handle.net/10986/12004

Internet

http://documents.worldbank.org/curated/en/2012/09/16769897/middle-income-growth-traps
http://hdl.handle.net/10986/12004

Cannot write session to /tmp/vufind_sessions/sess_01tubtmuo47sfcl2iq8ag95oes