Driving forces of the middle income trap in Peru and comparative overview of relevant indicators with China

Pablo Lavado; Nelson Ramírez-Rondán

Driving forces of the middle income trap in Peru and comparative overview of relevant indicators with China

Pablo Lavado, Nelson Ramírez-Rondán

Research output: Chapter in Book/Report/Conference proceeding › Chapter › peer-review

Abstract

This chapter presents the driving forces of the middle income trap in Peru and its performance on relevant indicators of economic development relative to China as well other countries. We first compare Peru and China according to the source of economic growth. Second, we put emphasis on components of competitiveness of a country such as efficiency, innovation, institutions, infrastructure, macroeconomic stability, labor market, education, health among others; in addition, we compare Peru and China relative to other economies such as the US in such productivity components. Third, we compare the main drivers of both countries within a comparative analysis over time; for that we estimate an econometric growth model for 102 countries from 1960 to 2015; we find that for the last two decades the main driver for Peru has come from structural and macroeconomic stabilization policies, and for China from structural policies.

Original language	English
Title of host publication	Finding a way to avoid the middle income trap :
Subtitle of host publication	The cases of China and Peru
Editors	Rosario Santa Gadea, Yuyan Zhang
Place of Publication	Pekin, China
Chapter	2
Pages	xx-xx
State	Published - 2021

Bibliographical note

Co-edited by the Institute of World Economics and Politics (IWEP) of the Chinese Academy of Social Sciences (CASS) and the Center for China and Asia-Pacific Studies of Universidad del Pacífico.

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

Cite this

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title = "Driving forces of the middle income trap in Peru and comparative overview of relevant indicators with China",

abstract = "This chapter presents the driving forces of the middle income trap in Peru and its performance on relevant indicators of economic development relative to China as well other countries. We first compare Peru and China according to the source of economic growth. Second, we put emphasis on components of competitiveness of a country such as efficiency, innovation, institutions, infrastructure, macroeconomic stability, labor market, education, health among others; in addition, we compare Peru and China relative to other economies such as the US in such productivity components. Third, we compare the main drivers of both countries within a comparative analysis over time; for that we estimate an econometric growth model for 102 countries from 1960 to 2015; we find that for the last two decades the main driver for Peru has come from structural and macroeconomic stabilization policies, and for China from structural policies.",

author = "Pablo Lavado and Nelson Ram{\'i}rez-Rond{\'a}n",

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language = "English",

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Driving forces of the middle income trap in Peru and comparative overview of relevant indicators with China. / Lavado, Pablo; Ramírez-Rondán, Nelson.
Finding a way to avoid the middle income trap : The cases of China and Peru. ed. / Rosario Santa Gadea; Yuyan Zhang. Pekin, China, 2021. p. xx-xx.

Research output: Chapter in Book/Report/Conference proceeding › Chapter › peer-review

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AU - Ramírez-Rondán, Nelson

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AB - This chapter presents the driving forces of the middle income trap in Peru and its performance on relevant indicators of economic development relative to China as well other countries. We first compare Peru and China according to the source of economic growth. Second, we put emphasis on components of competitiveness of a country such as efficiency, innovation, institutions, infrastructure, macroeconomic stability, labor market, education, health among others; in addition, we compare Peru and China relative to other economies such as the US in such productivity components. Third, we compare the main drivers of both countries within a comparative analysis over time; for that we estimate an econometric growth model for 102 countries from 1960 to 2015; we find that for the last two decades the main driver for Peru has come from structural and macroeconomic stabilization policies, and for China from structural policies.

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BT - Finding a way to avoid the middle income trap :

A2 - Santa Gadea, Rosario

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Driving forces of the middle income trap in Peru and comparative overview of relevant indicators with China

Abstract

Bibliographical note

UN SDGs

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Finding a way to avoid the middle income trap: the cases of China and Peru

Cite this