Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/215646 
Year of Publication: 
2017
Series/Report no.: 
CEAMeS Discussion Paper No. 4/2017
Version Description: 
Updated Version
Publisher: 
University of Hagen, Center for East Asia Macro-economic Studies (CEAMeS), Hagen
Abstract: 
Over the last decade, a growing body of literature dealing with the phenom-enon of the "middle-income trap" (MIT) has emerged. The term MIT usually refers to countries that have experienced rapid growth and thus reached the status of a middle-income country (MIC) in a very short period of time, but have not been able to further catch up with the group of high-income economies. In particular, since the beginning growth slowdown of the Chinese economy in 2011, there has been rising concern that China is, or will also be, confronted with such a trap. This paper analyzes the Chinese MIT situation taking into account both the (absolute and relative) empirical MIT defi-nitions and MIT triggering factors identified in the literature. We not only survey the recent literature, but also make our own MIT forecasts and analyze under which condi-tions China could be caught in an MIT.
Subjects: 
middle-income trap
China
economic growth
economic development
human capital
export structure
total factor productivity
JEL: 
O10
O40
O47
O53
Document Type: 
Working Paper

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.