 An inquiry into the causes of income differences among high-income countriesJayadevan Cm, Nam Trung Hoang and Subba Reddy Yarram Research in Economics, 2024, vol. 78, issue 4 Abstract: Within high-income countries, there is a notable income inequality spectrum, with certain nations positioned close to a predefined economic threshold, while others within this cohort simultaneously embark on substantial economic growth. This study investigates the influence of critical factors on economic growth and the transition from lower-high and middle-high income to upper-high income. Between 1990 and 2019, 25 of the 28 nations successfully advanced to upper-high income levels. Several key factors contribute to overcoming the barriers associated with lower-high income or middle-high income to upper-high income status. These factors include labor force participation, labor productivity, life expectancy, high-tech exports, reduction in unemployment rates, age dependency ratio, and poverty. The regression discontinuity analysis reveals a positive impact on the experimental group, as economic globalization surpasses the threshold of 78 % facilitating the achievement of upper-high income status. Keywords: Growth; GDP; Transition; Upper-high income; Lower-high income (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:reecon:v:78:y:2024:i:4:s109094432400070x DOI: 10.1016/j.rie.2024.101006 Access Statistics for this article Research in Economics is currently edited by Federico Etro More articles in Research in Economics from Elsevier |
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