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Re-examining the middle-income trap hypothesis : what to reject and what to revive?

Han, Xuehui; Wei, Shang-jin - 2015

Why do some economies grow faster than others? Do economies in the middle-income range face especially difficult challenges producing consistent growth? Using a transition matrix analysis on decade-level growth rates, we find that the data clearly reject the idea that middle-income economies...

Persistent link: https://www.econbiz.de/10011305298

The middle-income trap from a Schumpeterian perspective

Aghion, Philippe; Bircan, Cagatay - 2017

We provide an outline for viewing the middle-income trap through the lens of the Schumpeterian growth paradigm, which places the notion of creative destruction at the center of economic growth. Economic growth and development come from the interplay between changes in economic structure and...

Persistent link: https://www.econbiz.de/10011723084

Population aging and the possibility of a middle-income trap in Asia

Ha, Joonkyung; Lee, Sang-hyop - 2018

We present three conditions for a demography-driven middle-income trap and show that many economies in East, South, and Southeast Asia satisfy all of them. The conditions are (1) support ratio - the ratio of workers to consumers - matters for economic growth, (2) economic development accompanies...

Persistent link: https://www.econbiz.de/10011791948

TOP TEAM DEMOGRAPHICS, INNOVATION AND BUSINESS PERFORMANCE: FINDINGS FROM ENGLISH FIRMS AND CITIES, 2008-9

Nathan, Max - European Regional Science Association - 2013

High levels of net migration to the UK have contributed to growing cultural diversity, and researchers are turning their attention to the long-term effects of diversity on productivity. Yet little is known about these issues. This paper asks: what are the links between the composition of firms'...

Persistent link: https://www.econbiz.de/10010740495

Urban agglomeration and firm innovation : evidence from Asia

Chen, Liming; Hasan, Rana; Jiang, Yi - 2020

This paper presents evidence on the spatial distribution and effects of urban agglomeration on firm innovation. It uses a unique dataset that consistently defines city boundaries and identifies firms' innovation-related activities across 25 developing countries in Asia. We find firm innovation...

Persistent link: https://www.econbiz.de/10012242093

Attraction or repulsion? : testing coagglomeration of innovation between firm and university

Rudkin, Simon; Ming He; Chen, Yang - 2020

Agglomeration theory supports and existing findings confirm the geographical proximity of similar firms and spatial attraction of firms to universities. In addition to that, we are able to identify whether universities as one type of innovative units are attracted by firm-type innovators and the...

Persistent link: https://www.econbiz.de/10012171301

Development, growth and decline in Europe: New patterns of economic convergence and divergence?

Cornett, Andreas P.; Soerensen, Nils Karl - European Regional Science Association - 2013

structural and R&D policy the aim of the current paper is to assess, to what extent they have supported regional convergence, not … measure the impacts on regional convergence in a European (country wise) and urban-rural perspective. The first part of the … developments and perspectives until 2020. The second part considers the impact on the process of convergence of the current decline …

Persistent link: https://www.econbiz.de/10010740379

Does Connectivity Impact Innovation Performance in Rural Regions?

Wassmann, Pia; Schiller, Daniel; Thomsen, Stephan - European Regional Science Association - 2014

There is a broad consensus in the literature in that R&D is a precondition for innovation and in turn, for economic growth. On the regional level, this implies that regions with a high stock of R&D should reveal better results when it comes to economic performance. This presumption has lead...

Persistent link: https://www.econbiz.de/10011075916

Monetary and fiscal operations in the People's Republic of China : an alternative view of the options available

Wray, L. Randall; Fernández Lommen, Yolanda - 2013

This paper examines the fiscal and monetary policy options available to the People's Republic of China (PRC) as a sovereign currency-issuing nation operating in a dollar standard world. The paper first summarizes a number of issues facing the PRC, including the possibility of slower growth and a...

Persistent link: https://www.econbiz.de/10010192303