Please use this identifier to cite or link to this item: https://hdl.handle.net/1959.11/62348
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dc.contributor.authorChambra Mundachalil, Jayadevanen
dc.contributor.authorHoang, Namen
dc.contributor.authorYarram, Subba Reddyen
dc.date.accessioned2024-08-26T05:18:12Z-
dc.date.available2024-08-26T05:18:12Z-
dc.date.issued2022-10-11-
dc.identifier.urihttps://hdl.handle.net/1959.11/62348-
dc.description.abstractMiddle-income trap refers to the economic growth strategies that transition low-income countries into middle-income ones but fail to transition the middle-income countries into high-income countries. We observe the existence of a middle-income trap for upper-middle- and lower middle-income countries. We examine the reasons for the middle-income trap using the Bayesian model averaging (BMA) and generalized method of moments (GMM). We also explore the transformation of middle-income economies into high-income economies using logistic, probit and Limited Information Maximum Likelihood (LIML) regression analyses. Random forest analysis is also used to check the robustness of the findings. BMA analysis shows that education plays an enabling role in high-income countries in determining economic growth, whereas the full poten tial of education is not fully utilized in middle-income countries. GMM estimations show that the education coefficient is positive and significant for high-income and middle-income countries. This implies that education plays a decisive positive role in achieving economic growth and gives a path to escape from the middle-income trap. However, the education coefficient for middle-income countries is approximately half that of high-income countries. Therefore, the findings of this study call for additional investment and focused strategies relating to human capital endowmentsen
dc.format.extent.7z, .txt, .pdfen
dc.languageenen
dc.publisherUniversity of New Englanden
dc.relation.urihttps://hdl.handle.net/1959.11/61698en
dc.titleHuman capital and the middle-income trap revisiteden
dc.typeDataseten
dcterms.accessRightsMediateden
dc.subject.keywordsGrowthen
dc.subject.keywordsGDPen
dc.subject.keywordshuman capitalen
dc.subject.keywordsinvestmenten
local.contributor.firstnameJayadevanen
local.contributor.firstnameNamen
local.contributor.firstnameSubba Reddyen
local.profile.schoolUNE Business Schoolen
local.profile.schoolUNE Business Schoolen
local.profile.schoolUNE Business Schoolen
local.profile.emailjdevcm@outlook.comen
local.profile.emailnhoang3@une.edu.auen
local.profile.emailsyarram@une.edu.auen
local.output.categoryXen
local.record.placeauen
local.record.institutionUniversity of New Englanden
local.publisher.placeArmidale, Australiaen
local.contributor.lastnameChambra Mundachalilen
local.contributor.lastnameHoangen
local.contributor.lastnameYarramen
dc.identifier.staffune-id:nhoang3en
dc.identifier.staffune-id:syarramen
local.profile.orcid0000-0003-2938-1209en
local.profile.orcid0000-0002-9209-3499en
local.profile.rolecreatoren
local.profile.rolesupervisoren
local.profile.rolesupervisoren
local.identifier.unepublicationidune:1959.11/62348en
dc.identifier.academiclevelStudenten
dc.identifier.academiclevelAcademicen
dc.identifier.academiclevelAcademicen
local.title.maintitleHuman capital and the middle-income trap revisiteden
local.output.categorydescriptionX Dataseten
local.search.authorChambra Mundachalil, Jayadevanen
local.search.supervisorHoang, Namen
local.search.supervisorYarram, Subba Reddyen
dcterms.rightsHolder.managedbyJayadevan, CMen
local.datasetcontact.nameJayadevan, CMen
local.datasetcontact.emailjdevcm@outlook.comen
local.datasetcustodian.nameJayadevan, CMen
local.datasetcustodian.emailjdevcm@outlook.comen
local.datasetcontact.detailsJayadevan, CM - jdevcm@outlook.comen
local.datasetcustodian.detailsJayadevan, CM - jdevcm@outlook.comen
dcterms.source.datasetlocationUniversity of New Englanden
local.uneassociationYesen
local.atsiresearchNoen
local.sensitive.culturalNoen
local.year.published2022en
local.subject.for2020380112 Macroeconomics (incl. monetary and fiscal theory)en
local.subject.seo2020150299 Macroeconomics not elsewhere classifieden
local.profile.affiliationtypeUNE Affiliationen
local.profile.affiliationtypeUNE Affiliationen
local.profile.affiliationtypeUNE Affiliationen
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UNE Business School
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