Growth slowdowns and the middle-income trap /
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| Imprint: | [Washington, D.C.] : International Monetary Fund, ©2013. |
|---|---|
| Description: | 1 online resource (64 pages) : color illustrations |
| Language: | English |
| Series: | IMF working paper, 2227-8885 ; WP/13/71 IMF working paper ; WP/13/71. |
| Subject: | |
| Format: | E-Resource Book |
| URL for this record: | http://pi.lib.uchicago.edu/1001/cat/bib/12501636 |
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| 049 | |a MAIN | ||
| 050 | 4 | |a HG3881.5.I58 |b W67 No. 13/71eb | |
| 245 | 0 | 0 | |a Growth slowdowns and the middle-income trap / |c Shekhar Aiyar [and others]. |
| 260 | |a [Washington, D.C.] : |b International Monetary Fund, |c ©2013. | ||
| 300 | |a 1 online resource (64 pages) : |b color illustrations | ||
| 336 | |a text |b txt |2 rdacontent | ||
| 337 | |a computer |b c |2 rdamedia | ||
| 338 | |a online resource |b cr |2 rdacarrier | ||
| 490 | 1 | |a IMF working paper, |x 2227-8885 ; |v WP/13/71 | |
| 500 | |a Title from PDF title page (IMF Web site, viewed Mar. 20, 2013). | ||
| 500 | |a "Asia and Pacific Department"--Page 2 of pdf. | ||
| 500 | |a "March 2013"--Page 2 of pdf. | ||
| 520 | |a "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. | ||
| 504 | |a Includes bibliographical references (pages 55-63). | ||
| 505 | 0 | |a Cover; Contents; I. Setting the Stage; II. Some Stylized Facts; Figures; 1. Cross-Country Comparison; 2. Growth Trajectories; 3. Low-Income Countries; 4. Slowdown in Latin America: 1970s vs. 1980; III. Identifying Growth Slowdowns; 5. Growth Success in Asia; Tables; 1. Distribution of Slowdown Episodes by Region; 2. Distribution of Slowdown Episodes by Time Period; 6. Is There a Middle Income Trap?; IV. The Determinants of Growth Slowdowns: Methodology; V. The Determinants of Growth Slowdowns: Empirical Results; A. Institutions; 3. Institutions; B. Demography; C. Infrastructure; 4. Demography. | |
| 505 | 8 | |a D. Macroeconomic Environment and Policies5. Infrastructure; 6. Macroeconomic Environment and Policies; E. Economic Structure; 7. Output Composition; F. Other; 8. Trade; G. Summary; 9. Other; 10. Summary Table; H. Are Middle-Income Countries Different?; 11. Middle-Income Countries vs. Full Sample; VI. Policy Implications; 12. A "Growth Slowdown Risk" Map for Asian Middle-Income Countries; 13. A "Trap Map" for Middle-Income Countries; 7. Asian MIC's Current Strengths and Weaknesses; 8. Asian MIC's Current Strengths and Weaknesses Relative to Other Emerging Regions; Appendices. | |
| 505 | 8 | |a 1. Bayesian Model Averaging Technique2. Tables and Charts; References. | |
| 650 | 0 | |a Economic development |z Developing countries. | |
| 650 | 0 | |a Business cycles |z Developing countries. | |
| 650 | 0 | |a Recessions |z Developing countries. | |
| 650 | 0 | |a Gross domestic product |z Developing countries. | |
| 650 | 7 | |a Business cycles. |2 fast |0 (OCoLC)fst00842457 | |
| 650 | 7 | |a Economic development. |2 fast |0 (OCoLC)fst00901785 | |
| 650 | 7 | |a Gross domestic product. |2 fast |0 (OCoLC)fst00948090 | |
| 650 | 7 | |a Recessions. |2 fast |0 (OCoLC)fst01091358 | |
| 651 | 7 | |a Developing countries. |2 fast |0 (OCoLC)fst01242969 | |
| 655 | 4 | |a Electronic books. | |
| 700 | 1 | |a Aiyar, Shekhar, |e author. |0 http://id.loc.gov/authorities/names/no2004021401 | |
| 710 | 2 | |a International Monetary Fund. |b Asia and Pacific Department, |e issuing body. |0 http://id.loc.gov/authorities/names/no97006778 | |
| 776 | 0 | 8 | |i Print Version: |z 9781484399934 |
| 830 | 0 | |a IMF working paper ; |v WP/13/71. |0 http://id.loc.gov/authorities/names/no89010263 | |
| 856 | 4 | 0 | |u http://elibrary.imf.org/view/journals/001/2013/071/001.2013.issue-071-en.xml |y INTERNATIONAL MONETARY FUND |
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| 928 | |t Library of Congress classification |a HG3881.5.I58W67 No. 13/71eb |l Online |c UC-FullText |u http://elibrary.imf.org/view/journals/001/2013/071/001.2013.issue-071-en.xml |z INTERNATIONAL MONETARY FUND |g ebooks |i 12145850 | ||