Transitioning from Low-Income Growth to High-Income Growth : Is There a Middle-Income Trap?

Is there a ‘middle-income trap’? Theory suggests that the determinants of growth at low and high income levels may be different. If countries struggle to transition from growth strategies that are effective at low income levels to growth strategies that are effective at high income levels, they may...

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Main Authors:	Bulman, David, Eden, Maya, Nguyen, Ha
Format:	Journal Article
Language:	en_US
Published:	Taylor and Francis 2017
Subjects:	economic growth cross-country convergence middle-income trap economic transition
Online Access:	http://hdl.handle.net/10986/26012

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spelling	okr-10986-260122021-05-25T10:54:40Z Transitioning from Low-Income Growth to High-Income Growth : Is There a Middle-Income Trap? Bulman, David Eden, Maya Nguyen, Ha economic growth cross-country convergence middle-income trap economic transition Is there a ‘middle-income trap’? Theory suggests that the determinants of growth at low and high income levels may be different. If countries struggle to transition from growth strategies that are effective at low income levels to growth strategies that are effective at high income levels, they may stagnate at some middle-income level; this phenomenon can be thought of as a ‘middle-income trap.’ Defining income levels based on per capita gross domestic product relative to the United States, we do not find evidence for (unusual) stagnation at any particular middle-income level. However, we do find evidence that the determinants of growth at low and high income levels differ. These findings suggest a mixed conclusion: middle-income countries may need to change growth strategies in order to transition smoothly to high income growth strategies, but this can be done smoothly and does not imply the existence of a middle-income trap. 2017-02-07T20:43:57Z 2017-02-07T20:43:57Z 2017 Journal Article Journal of the Asia Pacific Economy 1354-7860 http://hdl.handle.net/10986/26012 en_US CC BY-NC-ND 3.0 IGO http://creativecommons.org/licenses/by-nc-nd/3.0/igo World Bank Taylor and Francis Publications & Research :: Journal Article Publications & Research
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	en_US
topic	economic growth cross-country convergence middle-income trap economic transition
spellingShingle	economic growth cross-country convergence middle-income trap economic transition Bulman, David Eden, Maya Nguyen, Ha Transitioning from Low-Income Growth to High-Income Growth : Is There a Middle-Income Trap?
description	Is there a ‘middle-income trap’? Theory suggests that the determinants of growth at low and high income levels may be different. If countries struggle to transition from growth strategies that are effective at low income levels to growth strategies that are effective at high income levels, they may stagnate at some middle-income level; this phenomenon can be thought of as a ‘middle-income trap.’ Defining income levels based on per capita gross domestic product relative to the United States, we do not find evidence for (unusual) stagnation at any particular middle-income level. However, we do find evidence that the determinants of growth at low and high income levels differ. These findings suggest a mixed conclusion: middle-income countries may need to change growth strategies in order to transition smoothly to high income growth strategies, but this can be done smoothly and does not imply the existence of a middle-income trap.
format	Journal Article
author	Bulman, David Eden, Maya Nguyen, Ha
author_facet	Bulman, David Eden, Maya Nguyen, Ha
author_sort	Bulman, David
title	Transitioning from Low-Income Growth to High-Income Growth : Is There a Middle-Income Trap?
title_short	Transitioning from Low-Income Growth to High-Income Growth : Is There a Middle-Income Trap?
title_full	Transitioning from Low-Income Growth to High-Income Growth : Is There a Middle-Income Trap?
title_fullStr	Transitioning from Low-Income Growth to High-Income Growth : Is There a Middle-Income Trap?
title_full_unstemmed	Transitioning from Low-Income Growth to High-Income Growth : Is There a Middle-Income Trap?
title_sort	transitioning from low-income growth to high-income growth : is there a middle-income trap?
publisher	Taylor and Francis
publishDate	2017
url	http://hdl.handle.net/10986/26012
_version_	1764460724625604608

Transitioning from Low-Income Growth to High-Income Growth : Is There a Middle-Income Trap?

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