Growth slowdowns and the middle-income trap
Romain Duval (),
Damien Puy (),
Yiqun Wu () and
Japan and the World Economy, 2018, vol. 48, issue C, 22-37
In this study we examine the middle-income trap as a special case of growth slowdowns. We identify slowdowns 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 speak to the special status of middle-income countries—are then used to derive policy implications.
Keywords: Growth; Slowdown; Middle income trap; Bayesian model averaging; Probit regression (search for similar items in EconPapers)
JEL-codes: O40 O47 O10 (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
Full text for ScienceDirect subscribers only
Working Paper: Growth Slowdowns and the Middle-Income Trap (2013)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:eee:japwor:v:48:y:2018:i:c:p:22-37
Access Statistics for this article
Japan and the World Economy is currently edited by Robert Dekle and Yasushi Hamao
More articles in Japan and the World Economy from Elsevier
Bibliographic data for series maintained by Dana Niculescu ().