Technology adoption and the middle-income trap : lessons from the Middle East and East Asia / Rabah Arezki, Rachel Yuting Fan, Ha Nguyen
Contributor(s): Resource type: Ressourcentyp: Buch (Online)Book (Online)Language: English Series: World Bank E-Library Archive | Policy research working paper ; 8870Publisher: Washington, DC, USA : World Bank Group, Middle East and North Africa Region, Office of the Chief Economis, May 2019Description: 1 Online-Ressource (circa 24 Seiten) : IllustrationenSubject(s): Genre/Form: Additional physical formats: Erscheint auch als: Technology Adoption and the Middle-Income Trap: Lessons from the Middle East and East Asia. Druck-Ausgabe Washington, D.C : The World Bank, 2019DOI: DOI: 10.1596/1813-9450-8870Online resources: Summary: 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 trapPPN: PPN: 1671656474Package identifier: Produktsigel: ZDB-110-WBL | ZDB-1-WBA | ZDB-110-WBONo physical items for this record
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