Middle-Income Trap: An Empirical Analysis for E7 Countries Under Structural Breaks

Yıl 2018, Cilt: 13 Sayı: 2, 337 - 361, 01.10.2018

Muhammed Tıraşoğlu , Fatih Karasaç

https://doi.org/10.17550/akademikincelemeler.430713

Cited By: 7

Öz

One of the new and interesting topics of the economic literature is middleincome trap. Middle-income trap can be generally defined as middle-income countries showing a slow growth performance, jamming at a certain level of income and can not pass to high income groups. The aim of this study is to investigate whether the E7 (Emerging 7) countries, which have an important place among the developing countries, are in middle-income trap. In this context, Robertson and Ye (2013) approach has been taken into consideration. Empirical analyzes were performed using single and two structural breaks unit root tests. As a result of the analysis, evidence has been obtained that Indonesia, Mexico and Russia that member of E-7 groups, are in the middle-income trap. Brazil, China, India and Turkey are not generally in the middle-income trap. 

Anahtar Kelimeler

Middle-Income Trap, E7 Countries, Structural Breaks Unit Root Tests

ORTA GELİR TUZAĞI: YAPISAL KIRILMALAR ALTINDA E7 ÜLKELERİ İÇİN AMPİRİK BİR İNCELEME

Öz

İktisat literatürünün yeni ve ilgi çeken konularından biri orta gelir tuzağıdır. Orta gelir tuzağı, genel olarak orta gelirli ülkelerin yavaş büyüme performansı sergileyerek belirli gelir seviyesinde sıkışması ve yüksek gelir grubuna geçememesi olarak tanımlanabilir. Bu çalışmanın amacı, gelişmekte olan ülkeler arasında önemli yere sahip E7 (Gelişen 7) ülkelerinin orta gelir tuzağında olup olmadığını araştırmaktır. Bu kapsamda Robertson ve Ye (2013) yaklaşımı dikkate alınmıştır. Ampirik analizler tek ve iki yapısal kırılmalı birim kök testleri kullanılarak yapılmıştır. Yapılan analizler sonucunda E7 ülke grubunu oluşturan ülkelerden Endonezya, Meksika ve Rusya’nın orta gelir tuzağında olduğu yönünde kanıtlara ulaşılmıştır. Brezilya, Çin, Hindistan ve Türkiye’nin ise genel olarak orta gelir tuzağında olmadığı bulgularına ulaşılmıştır.

Anahtar Kelimeler

Orta Gelir Tuzağı, E7 Ülkeleri, Yapısal Kırılmalı Birim Kök Testleri

Kaynakça

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