On the Existence of a Middle-Income Trap

Longfeng Ye, Peter Robertson

Research output: Contribution to journalArticle

4 Citations (Scopus)

Abstract

© 2016 Economic Society of AustraliaThe 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.
Original languageEnglish
Pages (from-to)173-189
JournalEconomic Record
Volume92
Issue number297
DOIs
Publication statusPublished - 2016

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