Institutional Quality, Economic Growth, and Middle-Income Trap

Evidence From Cross-Country Data

Bibliographic Data

ID16914795
AuthorsLiang Chen (0000-0003-1553-2846, Anhui Medical University, corresponding author), Chen Liang (0000-0002-8444-8050), Chen Li (0000-0001-6150-8594), Li‐Qun Chen (0000-0002-3694-0833, Shanghai Customs College)
Year2025
Volume15
Issue3
Publication date2025-01-01
Open AccessYes
TypeARTICLE
VenueSAGE Open (JOURNAL)
Journal identifiersISSN: 2158-2440 • E-ISSN: 2158-2440
PublisherSAGE Publications (PUBLISHER • US)
DOI10.1177/21582440251343938
OpenAlexW4412476671
LanguageEN
References cited21

This study aims to investigate the institutional factors that contribute to helping countries successfully escape the middle-income trap, focusing on the aspect of institutional quality. The results indicate that the quality of institutions has a substantial and favorable effect on enhancing economies’ capacity to overcome the middle-income trap. In addition, the examination of institutional quality reveals that factors such as anti-corruption, government efficiency, social stability, rule of law, democracy, and market regulation all contribute positively to an economy’s capacity to overcome the middle-income trap. Therefore, to enhance the likelihood of late-developing economies overcoming the middle-income trap, governments should strengthen their reform endeavors and enhance the caliber of regional institutions

China · Data quality · Development economics · Economics · Economy · Geography · Middle income trap · Political science · Corruption and Economic Development · Global Financial Crisis and Policies · Italy: Economic History and Contemporary Issues

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