On the Existence of a Middle-Income Trap

被引:17
|
作者
Ye, Longfeng [1 ]
Robertson, Peter E. [1 ]
机构
[1] Univ Western Australia, Crawley, WA, Australia
关键词
UNIT-ROOT HYPOTHESIS; OIL-PRICE SHOCK; ECONOMIC-GROWTH; GREAT CRASH; CONVERGENCE; TESTS; MODELS; WORLD;
D O I
10.1111/1475-4932.12245
中图分类号
F [经济];
学科分类号
02 ;
摘要
The concept of a middle-income trap' has attracted enormous interest, but the existing literature lacks formal tests. We develop and apply a test of some necessary conditions for a country to be in a middle-income trap that take into account short-run dynamics, stochastic trends and structural breaks. We find that only seven countries satisfy our definition of a middle income trap.
引用
收藏
页码:173 / 189
页数:17
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