Abstract Although scholars often portray Mexico as caught in the “middle-income trap,” this description obscures important subnational variation patterns of economic development. We leverage by examining case Querétaro, a state with high levels structural transformation and growth since 1980s. reconstruct historical trajectory its two leading industries, automotive aerospace. observe that while...

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 p...

Over the past couple of years, China has made formidable efforts to shift new sources economic growth, modernise structure its economy, accumulate human capital, and boost local innovation in order graduate a high-income economy. However, pace growth slowed down few entailing risk country being stuck so-called middle-income trap (MIT). This paper reviews China's chance avoiding MIT by analysing...