A middle income trap in a small open economy: Modeling the Argentinean case

Dabús, Carlos; Tohmé, Fernando; Caraballo, M. Ángeles

doi:10.1016/j.econmod.2015.10.042

Cited by 21 publications

(10 citation statements)

References 17 publications

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“…To our knowledge, Dabús et al (2016) are the only other ones who develop a mathematical model of the MIT, besides Agénor and Canuto (2015). Their model refers especially to Argentina, studying a small, open, agricultural-goods producing economy.…”

Section: Theoretical Explanationsmentioning

confidence: 99%

“…Their model refers especially to Argentina, studying a small, open, agricultural-goods producing economy. According to Dabús et al (2016), once an economy has reached a steady state, it can only achieve a new, higher steady state if there is a major positive change in foreign conditions (in particular, there has to be an increase in the demand for agricultural products in the advanced economies).…”

Section: Theoretical Explanationsmentioning

confidence: 99%

See 1 more Smart Citation

The Middle-Income Trap: Definitions, Theories and Countries Concerned—A Literature Survey

Glawe

Wagner

2016

Comp Econ Stud

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Abstract. In recent years, a growing body of economic literature has focused on the phenomenon of the so-called middle-income trap (MIT). The term usually refers to countries that have experienced rapid growth and thus quickly reached middle-income status, but then failed to overcome that income range to further catch up to the developed countries. This paper surveys the MIT literature. It begins by laying out different approaches to defining the MIT (with a focus on the distinction between absolute and relative approaches) and by presenting as well as classifying the most important empirical studies. After a short overview of the currently identified MIT countries, the article summarizes the main explanatory approaches, taking into account both the theoretical foundations and the empirically identified triggering factors. JEL: O10, O40

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Section: Theoretical Explanationsmentioning

confidence: 99%

Section: Theoretical Explanationsmentioning

confidence: 99%

The Middle-Income Trap: Definitions, Theories and Countries Concerned—A Literature Survey

Glawe

Wagner

2016

Comp Econ Stud

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“…These investments generated GDP growth over some period of time. However, as shown by Dabús et al (2016), these investments generated transitory growth only (and not permanent/equilibrium growth). That is, the investment generated primarily a temporary increase in the growth rate.…”

Section: Our Model As An Mit Model: Comparison With the Dabús Et Al mentioning

confidence: 93%

“…The core idea of our paper is based on the model by Dabús et al (2016), who develop a growth model of Argentina explaining Argentina's high pre-MIT growth and low growth in the MIT (see Section 4). To develop a (neoclassical) model of China's growth since 1978, we proceed as follows.…”

Section: Introductionmentioning

confidence: 99%

A Stylized Model of China's Growth Since 1978

Glawe

Wagner

2017

SSRN Journal

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“…Numerous other studies made an empirical analysis identifying the MIT (Eichengreen, Park, and Shin 2012;Jankowska, Nagengast, and Perea 2012;Cai 2012;Aiyar et al 2013;Flaaen, Ghani, and Mishra 2013;Han and Wei 2015;Arias and Wen 2016). Some mathematical MIT models are recently introduced Dabús, Tohmé, and Caraballo 2016).…”

Section: Literature On Total Factor Productivity Growth In Middlementioning

confidence: 99%