THE MIDDLE-INCOME TRAP – A PROBLEM OF DEFINITION AND EMPIRICAL RESEARCH

Vishwajeet Singh Prajapati, Ashutosh Priya and Vikas Pradhan

Economic and Regional Studies (Studia Ekonomiczne i Regionalne), 2023, vol. 16, issue 3

Abstract: Subject and purpose of work: Theoretical and empirical analysis of the middle-income trap. To test the validity to be able to fix a middle-income band to classify a country in the middle-income trap. Materials and methods: Theoretical and empirical studies on the middle-income trap have been used as material and the descriptive and explorative method of research has been used. Results: To fix a middle-income band was deemed to be unjustified because the middleincome band was found to change every year. The period of the middle-income trap was deemed justified and it was found that a potential based definition can be formed to create a distinction between trapped and non-trapped countries. Conclusions: To define the middle-income trap does not require a middle-income band to be fixed for a period as long as 42 years, but what is require is the period itself and the continuity of increasing the potential of a country to cross the middle-income trap.

Keywords: International; Development (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:ags:plecrs:339211

DOI: 10.22004/ag.econ.339211

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