Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/224981
Authors: 
Mirjalili, Seyed Hossein
Saadat, Hossein
Year of Publication: 
2020
Citation: 
[Journal:] International Economic Studies [ISSN:] 2476-3713 [Volume:] 50 [Issue:] 1 [Pages:] 1-12
Abstract: 
In 2010, the World Bank categorized countries by GDP (at Purchasing Power Parity) per capita (at constant 1990 prices) in three categories: low, middle (low and high), and high. If a country falls in a trap at least 28 years in the low middle income and at least 14 years in the high middle income group, then it is included in low and middle income groups, respectively. In this paper, using the experience of successful countries in avoiding the trap, we investigated the impact of investment, human capital, high-tech exports, total factor productivity, exports of goods and services, and the value added of service sectors on per capita GDP growth during 1991-2014, using panel data. Research findings in the literature indicated that in selected Asian countries, human capital and total factor productivity growth with positive and significant effects have the greatest impact on avoiding the trap. In the case of Iran, human capital and the total factor productivity growth have positive and significant effects on the economic growth, but such effects have not been so great to help escaping Iran's economy from the middle- income trap. Therefore, Iran has remained in the middle- income trap over the past 58 years.
Subjects: 
Middle Income Trap
Economic Growth
Human Capital
Education
Productivity
JEL: 
J24
D24
E22
C33
Persistent Identifier of the first edition: 
URL of the first edition: 
Document Type: 
Article
Document Version: 
Published Version

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