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Mining patterns of transitional growth using multivariate concept-based models

Author

Listed:
  • Jakub Bartak

    (Cracow University of Economics)

  • Agnieszka Jastrzębska

    (Warsaw University of Technology)

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 the similarities of transitional growth trajectories with the use of novel concept-based model. Further, we group economies on the basis of the assessed similarities and we evaluate within-group growth-income relationships. The obtained results point to distinct patterns of development, which help to understand the puzzles of absolute convergence and divergence. Among others, we find evidence of a humped-shaped path of long-run transitional growth. Simultaneously, we identify countries which got stuck in poverty and in the middle-income trap.

Suggested Citation

  • Jakub Bartak & Agnieszka Jastrzębska, 2022. "Mining patterns of transitional growth using multivariate concept-based models," Quality & Quantity: International Journal of Methodology, Springer, vol. 56(6), pages 4395-4419, December.
    • Handle: RePEc:spr:qualqt:v:56:y:2022:i:6:d:10.1007_s11135-022-01318-8
    DOI: 10.1007/s11135-022-01318-8
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