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The middle-income trap – a problem of definition and empirical research

Author

Listed:
  • Prajapati Vishwajeet Singh

    (MJPR Rohilkhand University Bareilly, India)

  • Priya Ashutosh

    (MJPR Rohilkhand University Bareilly, India)

  • Pradhan Vikas

    (Government P G College Bisalpur District Pilibhit, India)

Abstract

Subject and purpose of work: Theoretical and empirical analysis of the middle-income trap. To test the validity to be able to fix a middle-income band to classify a country in the middle-income trap. Materials and methods: Theoretical and empirical studies on the middle-income trap have been used as material and the descriptive and explorative method of research has been used. Results: To fix a middle-income band was deemed to be unjustified because the middleincome band was found to change every year. The period of the middle-income trap was deemed justified and it was found that a potential based definition can be formed to create a distinction between trapped and non-trapped countries. Conclusions: To define the middle-income trap does not require a middle-income band to be fixed for a period as long as 42 years, but what is require is the period itself and the continuity of increasing the potential of a country to cross the middle-income trap.

Suggested Citation

  • Prajapati Vishwajeet Singh & Priya Ashutosh & Pradhan Vikas, 2023. "The middle-income trap – a problem of definition and empirical research," Economic and Regional Studies / Studia Ekonomiczne i Regionalne, Sciendo, vol. 16(3), pages 459-472, September.
    • Handle: RePEc:vrs:ecoreg:v:16:y:2023:i:3:p:459-472:n:8
    DOI: 10.2478/ers-2023-0030
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    middle-income trap; middle-income countries; potential GNP; per capita GNI; middle-income band and bottom high-income economies;
    All these keywords.

    JEL classification:

    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General

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