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Technology Adoption and the Middle-Income Trap : Lessons from the Middle East and East Asia / Rabah Arezki.
World Bank Open Knowledge Repository (formerly "World Bank E-Library Publications") Available online
View online- Format:
- Book
- Government document
- Author/Creator:
- Arezki, Rabah.
- Series:
- Policy research working papers.
- World Bank e-Library.
- Language:
- English
- Subjects (All):
- Agriculture.
- Economic Growth.
- Economic Theory and Research.
- Energy and Environment.
- Energy Demand.
- Energy Policies and Economics.
- Food Security.
- Growth.
- Industrial Economics.
- Industry.
- Innovation.
- Macroeconomics and Economic Growth.
- Middle-Income.
- Technology Adoption.
- Local Subjects:
- Agriculture.
- Economic Growth.
- Economic Theory and Research.
- Energy and Environment.
- Energy Demand.
- Energy Policies and Economics.
- Food Security.
- Growth.
- Industrial Economics.
- Industry.
- Innovation.
- Macroeconomics and Economic Growth.
- Middle-Income.
- Technology Adoption.
- Physical Description:
- 1 online resource (24 pages)
- Other Title:
- Technology Adoption and the Middle-Income Trap
- Place of Publication:
- Washington, D.C. : The World Bank, 2019.
- System Details:
- data file
- 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 trap.
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