Confirm cookie choices
Cookies are pieces of code used to track website usage and give audiences the best possible experience.
Use the buttons to confirm whether you agree with default cookie settings when using

The middle-income trap from a Schumpeterian perspective

By Philippe Aghion and Çağatay Bircan

Share this page:
Working Paper 205

A new EBRD Working Paper (number 205)

In this paper 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 centre of economic growth. Economic growth and development come from structural transformation, which is the interplay between changes in economic structure and supporting institutions at different stages of development. We look at the building blocks of economic development and how institutional factors affect the evolution of firm growth and competitive interaction.

Read paper


Share this page:
GDPR Cookie Status