The middle income trap from a Schumpeterian perspective.
Growth and development come from structural transformation, defined as the interplay between changes in economic structure and supporting institutions at different stages of development. The paper discusses how firms, competition, and institutions affect structural transformation.
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| Format: | Electronic Resource |
| Language: | English |
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Metro Manila, Philippines
Asian Development Bank
2017.
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| Series: | Economics working papers.
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| Online Access: | https://www.adb.org/publications/middle-income-trap-schumpeterian-perspective |