Growth Slowdowns and the Middle-Income Trap

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  • Growth Slowdowns and the Middle-Income Trap Book Detail

  • Author : Mr.Shekhar Aiyar
  • Release Date : 2013-03-20
  • Publisher : International Monetary Fund
  • Genre : Business & Economics
  • Pages : 64
  • ISBN 13 : 1484315804
  • File Size : 44,44 MB

Growth Slowdowns and the Middle-Income Trap by Mr.Shekhar Aiyar PDF Summary

Book Description: The “middle-income trap” is the phenomenon of hitherto rapidly growing economies stagnating at middle-income levels and failing to graduate into the ranks of high-income countries. In this study we examine the middle-income trap as a special case of growth slowdowns, which are identified as large sudden and sustained deviations from the growth path predicted by a basic conditional convergence framework. We then examine their determinants by means of probit regressions, looking into the role of institutions, demography, infrastructure, the macroeconomic environment, output structure and trade structure. Two variants of Bayesian Model Averaging are used as robustness checks. The results—including some that indeed speak to the special status of middle-income countries—are then used to derive policy implications, with a particular focus on Asian economies.

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Growth Slowdowns and the Middle-Income Trap

Growth Slowdowns and the Middle-Income Trap

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The “middle-income trap” is the phenomenon of hitherto rapidly growing economies stagnating at middle-income levels and failing to graduate into the ranks o

Asia and the Middle-Income Trap

Asia and the Middle-Income Trap

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The term ‘Middle-Income Trap’ refers to countries which stagnate economically after reaching a certain level of per capita income on the basis of labour- an

Growth Slowdowns Redux

Growth Slowdowns Redux

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We analyze the incidence and correlates of growth slowdowns in fast-growing middle-income countries, extending the analysis of an earlier paper (Eichengreen, Pa

Growth Slowdowns Redux

Growth Slowdowns Redux

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Total View : 8599 Views
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We analyze the incidence and correlates of growth slowdowns in fast-growing middle-income countries, extending the analysis of an earlier paper (Eichengreen, Pa