Technology Adoption and the Middle-Income Trap

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Tác giả: Rabah Arezki

Ngôn ngữ: eng

Ký hiệu phân loại: 609.17 Historical, geographic, persons treatment

Thông tin xuất bản: World Bank, Washington, DC, 2019

Mô tả vật lý:

Bộ sưu tập: Tài liệu truy cập mở

ID: 307471

This paper documents the existence of a "middle-income trap" for the Middle East and North Africa region. It argues that the economic woes of the Middle East and North Africa offer new insights into the debate on the trap which has thus far focused on the East Asia and Pacific region. The results are two-folds. First, non-parametric regressions show that the average rate of economic growth in the Middle East and North Africa has not only been significantly lower than that in the East Asia and Pacific region, but it has also tended to drop at an earlier level of income. Second, econometric results point to Middle East and North Africa having experienced a relatively slow pace of technology adoption in general-purpose technologies. The paper concludes that barriers to the adoption of general-purpose technologies related to the lack of contestability in key sectors could constitute an important channel of transmission for the middle-income trap.
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