Hidden Bibliographic Details
| Other authors / contributors: | Aiyar, Shekhar, author.
International Monetary Fund. Asia and Pacific Department, issuing body.
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| ISBN: | 9781484315804
1484315804
1484399935
9781484399934
9781484330647
1484330641
9781484399934
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| Notes: | Title from PDF title page (IMF Web site, viewed Mar. 20, 2013).
"Asia and Pacific Department"--Page 2 of pdf.
"March 2013"--Page 2 of pdf.
Includes bibliographical references (pages 55-63).
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| Summary: | "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"--Abstract.
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| Other form: | Print Version: 9781484399934
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| Standard no.: | 10.5089/9781484399934.001
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