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    Factors to Escape the Middle-Income Trap?
    (Maliye Bakanligi, 2014) Dalgic, Baak; Iyidogan, Pelin Varol; Balikciolu, Eda
    We aim to examine the effects of various macroeconomic, technological and institutional variables on the probability of high growth performance for middle-income countries exceeding their average gdp per capita growth rate, in other words the probability of transition to a higher income group. Our analyses cover 56 middle-income countries including Turkey for the period of 1990-2013. The results of the study suggest the importance of improvements in human capital, technology, institutional quality and sound macroeconomic indicators to avoid the middle income trap.