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And Schumpeter Said, "This is How Thou Shalt Grow"

And Schumpeter Said, "This is How Thou Shalt Grow" »

Source: And Schumpeter Said, "This is How Thou Shalt Grow" : Further Quest for Economic Growth in Poor Countries

Volume/Issue: 2004/40

Series: IMF Working Papers

Author(s): Philippe Beaugrand

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2004

ISBN: 9781451846003

Keywords: Growth, Innovation, Entrepreneurship, Schumpeter, J.A., economic growth, entrepreneurs, per capita income, J.A,

The paper reviews the “stylized facts” on economic growth gathered by Easterly and Levine in their 2001 joint paper and illustrates some of the points made on the basis of data from the IMF’s W...

Growth Slowdowns and the Middle-Income Trap

Growth Slowdowns and the Middle-Income Trap »

Source: 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

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...