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
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...