Mining patterns of transitional growth using multivariate concept-based models

Abstract The relationship between income and growth rates has been an elementary problem of research on economic convergence. In the present paper, we study growth-income paths in a new perspective. We assess similarities transitional trajectories with use novel concept-based model. Further, group economies basis assessed evaluate within-group relationships. obtained results point to distinct patterns development, which help understand puzzles absolute convergence divergence. Among others, find evidence humped-shaped path long-run growth. Simultaneously, identify countries got stuck poverty middle-income trap.