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Title:	The Landscape of Economic Growth: Do Middle-Income Countries Differ?
Authors:	ADB; Eichengreen, Barry; Park, Donghyun; Shin, Kwanho
Issue Date:	Aug-2017
Description:	The efficiency of the financial system is related to the growth rate in low- and middle-income countries, but appears to matter less as one moves up the income scale. A review of the growth experience of middle-income countries suggests that economic factors associated with growth appear to differ between middle income and other countries. Demographic variables also matter importantly in low-income countries. In middle-income countries, in contrast, measures of the financial system no longer appear to matter as importantly, as if inefficiencies in banking and financial systems are no longer as binding a constraint as at earlier stages of financial development; nor are demographic variables as important as before. At this point, other variables gain a growing role: these include whether the country experiences a banking or currency crisis, the extent of nonforeign direct investment capital inflows, and government debt as a share of gross domestic product.
URI:	https://www.adb.org/publications/landscape-economic-growth-middle-income-countries https://elibrary.tucl.edu.np/handle/123456789/5177
ISBN:	N/A N/A
ISSN:	23136537 23136545
Country:	Regional - Asia and the Pacific
Appears in Collections:	ADB Collections

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