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Growth Slowdowns and the Middle-Income Trap

Growth Slowdowns and the Middle-Income Trap »

Volume/Issue: 2013/71

Series: IMF Working Papers

Author(s): Shekhar Aiyar , Romain Duval , Damien Puy , Yiqun Wu , and Longmei Zhang

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 March 2013

DOI: http://dx.doi.org/10.5089/9781484330647.001

ISBN: 9781484330647

Keywords: growth, slowdown, middle income trap, Bayesian Model Averaging, per capita income, export diversification, gdp per capita, trade openness, growth rates, Bayesian Analysis

The “middle-income trap” is the phenomenon of hitherto rapidly growing economies stagnating at middle-income levels and failing to graduate into the ranks of high-income countries. In this study we ex...

Macroeconomic Policies and Long-Term Growth
			: A Conceptual and Empirical Review

Macroeconomic Policies and Long-Term Growth : A Conceptual and Empirical Review »

Volume/Issue: 1991/28

Series: IMF Working Papers

Author(s): Delano Villanueva , and Mohsin Khan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 1991

DOI: http://dx.doi.org/10.5089/9781451844566.001

ISBN: 9781451844566

Keywords: economic growth, gnp, growth rate, terms of trade, per capita income

This paper reviews the theoretical and empirical aspects of the relationship between macroeconomic policies and the long-run rate of growth of GNP. The macroeconomic policies examined include fiscal policies, monet...