Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/115335
Authors: 
Vandenberg, Paul
Poot, Lilibeth
Miyamoto, Jeffrey
Year of Publication: 
2015
Series/Report no.: 
ADBI Working Paper Series 519
Abstract: 
The paper investigates the situation of middle-income economies around the world. Since 1965, only 18 economies with a population of more than 3 million and not dependent on oil exports have made the transition to being high income. Many more have not been able to move beyond the middle-income stage. We conduct statistical tests of differences between two groups of economies across a range of growth and development variables. The results suggest that middle-income economies are particularly weak in the following areas: governance, infrastructure, savings and investment, inequality, and quality - but not quantity - of education. The findings are used to suggest whether the People's Republic of China is successfully progressing through the middle-income stage or whether it may get caught in a middle-income trap.
Subjects: 
middle-income trap
transition
economic development
slowdown
JEL: 
O14
O33
O40
O53
Document Type: 
Working Paper

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