Towards Sustainable Development: Revisiting the Middle-Income Trap Hypothesis for the Southern Common Market Countries

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dc.authoridGUVEN, TAMER/0000-0003-4329-0944
dc.authoridURSAVAS, UGUR/0000-0003-1918-1457
dc.authoridYilanci, Veli/0000-0001-5738-690X
dc.contributor.authorYilanci, Veli
dc.contributor.authorUrsavas, Ugur
dc.contributor.authorGuven, Tamer
dc.date.accessioned2025-01-27T21:03:58Z
dc.date.available2025-01-27T21:03:58Z
dc.date.issued2023
dc.departmentÇanakkale Onsekiz Mart Üniversitesi
dc.description.abstractOne of the Sustainable Development Goals (SDGs) of the United Nations is to promote, sustained, inclusive, and sustainable economic growth. However, it is observed that many countries struggle to move up from the middle-income to high-income level, which refers to the middle-income trap (MIT). In this paper, we test the MIT hypothesis using a novel unit root test of Gomez-Zaldivar et al. (2013) across the Southern Common Market (MECOSUR) countries. To do so, we follow a different path from the existing literature and use a novel unit root testing strategy. We first test the significance of the trend term and then examine the unit root properties of the series by allowing multiple structural breaks according to the existence/non-existence of the trend term. Our results provide evidence of stationarity for Brazil, Colombia, Ecuador, and Peru, indicating that these four MERCOSUR countries are in MIT.
dc.identifier.doi10.35784/preko.3949
dc.identifier.endpage120
dc.identifier.issn1895-6912
dc.identifier.issue2
dc.identifier.scopus2-s2.0-85168853724
dc.identifier.scopusqualityQ2
dc.identifier.startpage111
dc.identifier.urihttps://doi.org/10.35784/preko.3949
dc.identifier.urihttps://hdl.handle.net/20.500.12428/27509
dc.identifier.volume18
dc.identifier.wosWOS:001067746400009
dc.identifier.wosqualityQ4
dc.indekslendigikaynakWeb of Science
dc.indekslendigikaynakScopus
dc.language.isoen
dc.publisherPolitechnika Lubelska
dc.relation.ispartofProblemy Ekorozwoju
dc.relation.publicationcategoryinfo:eu-repo/semantics/openAccess
dc.rightsinfo:eu-repo/semantics/openAccess
dc.snmzKA_WoS_20250125
dc.subjectmiddle-income trap
dc.subjectsustainable development
dc.subjectMERCOSUR
dc.titleTowards Sustainable Development: Revisiting the Middle-Income Trap Hypothesis for the Southern Common Market Countries
dc.title.alternativeW kierunku zrównowa?onego rozwoju: powrót do hipotezy pu?apki ?redniego dochodu dla po?udniowych krajów wspólnego rynku
dc.typeArticle

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