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• W4207046471 abstract "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." @default.
• W4207046471 created "2022-01-26" @default.
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• W4207046471 date "2022-01-25" @default.
• W4207046471 modified "2023-09-30" @default.
• W4207046471 title "Mining patterns of transitional growth using multivariate concept-based models" @default.
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• W4207046471 doi "https://doi.org/10.1007/s11135-022-01318-8" @default.
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