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首页> 外文期刊>Review of Income and Wealth >ECONOMIC CONVERGENCE, CAPITAL ACCUMULATION, AND INCOME TRAPS: EMPIRICAL EVIDENCE
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ECONOMIC CONVERGENCE, CAPITAL ACCUMULATION, AND INCOME TRAPS: EMPIRICAL EVIDENCE

机译：经济趋同，资本积累和收入陷阱：经验证据

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摘要

This paper examines the factors that increase the likelihood of economic transition to higher income status, thereby attempting to answer the question of why some economies move to a higher income country group while others do not. Using a quintile income distribution approach, we identify 62 economies that moved to a higher quintile income group in each decade from 1960s to the 2010s out of a sample of 182 economies. Our findings show that higher physical and human capital growth and oil revenues are significantly associated with a greater probability of transitioning to higher quintile income group, although their effects vary not only across income groups within a sample period but also across different periods. Our results indicate that economies that have attained substantial capital accumulation (either physical or human, or combination thereof) and/or are blessed with natural resources have avoided income traps and demonstrated a successful and often steady transition to higher income groups.
机译：本文研究了增加经济向高收入国家过渡的可能性的因素，从而试图回答以下问题：为什么有些经济体转向高收入国家集团而另一些却没有。使用五分位数的收入分配方法，我们从182个经济体样本中识别出从1960年代到2010年代的每十年中有较高五分之一收入类别的62个经济体。我们的研究结果表明，较高的物质和人力资本增长以及石油收入与过渡到较高的五分之一收入组的可能性显着相关，尽管它们的影响不仅在样本期内的不同收入组之间也不同。我们的结果表明，已经获得了实质性资本积累（无论是物质的还是人力的，或其组合）和/或拥有丰富自然资源的经济体，已经避免了收入陷阱，并证明了向高收入群体的成功且通常是稳定的过渡。

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