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Productivity, Economic Growth and the Middle Income Trap: Implications for China

Author

Listed:
  • Yanrui Wu

    (Business School, University of Western Australia, Perth, WA 6009, Australia)

Abstract

This paper explores the middle income trap (MIT) concept from the perspective of productivity growth. Through the examination of cross-country historical statistics as well as China¡¯s regional data, it sheds light on the debate about whether the Chinese economy can avoid the middle income trap. It should be one of the first papers proposing an analytical framework to address this controversial issue. The findings should have important implications for economic policies guiding China¡¯s development in the coming decades.

Suggested Citation

  • Yanrui Wu, 2014. "Productivity, Economic Growth and the Middle Income Trap: Implications for China," Frontiers of Economics in China-Selected Publications from Chinese Universities, Higher Education Press, vol. 9(3), pages 460-483, September.
    • Handle: RePEc:fec:journl:v:9:y:2014:i:3:p:460-483
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    Download full text from publisher

    File URL: http://journal.hep.com.cn/fec/EN/10.3868/s060-003-014-0022-8
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    Citations

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    Cited by:

    1. Zhou, Haiwen, 2017. "Will China Avoid the Middle-Income Trap?," MPRA Paper 82688, University Library of Munich, Germany.
    2. Glawe, Linda & Wagner, Helmut, 2020. "China in the middle-income trap?," China Economic Review, Elsevier, vol. 60(C).
    3. Mehmet Hanefi Topal, 2020. "The Middle Income Trap: Theory and Empirical Evidence," Bogazici Journal, Review of Social, Economic and Administrative Studies, Bogazici University, Department of Economics, vol. 34(1), pages 51-75.
    4. Akbas, Yusuf Ekrem & Sancar, Canan, 2021. "The impact of export dynamics on trade balance in emerging and developed countries: An evaluation with middle income trap perspective," International Review of Economics & Finance, Elsevier, vol. 76(C), pages 357-375.

    More about this item

    Keywords

    productivity; middle income trap (MIT); economic growth; Chinese economy;
    All these keywords.

    JEL classification:

    • O4 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity
    • O5 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies

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