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    Deep Economic Integration and State Capacity: A Mechanism for Avoiding the Middle-Income Trap?

    Bruszt, László; Campos, Nauro F. | June 2018
    Abstract
    Exiting the middle-income trap requires costly improvements in state capacity. Can deep economic integration increase state capacity and, if so, how? This paper provides a conceptual framework, new measurement, and evidence. Focusing on a panel of European Union membership candidate countries, this paper documents the large variation in the evolution of state capacities and empirically identify key links and implementation sequences. The main result is the centrality of an intricate relationship between bureaucratic independence and judiciary capacity. Change in these two is a precondition for increasing internal and external competitions, which are key factors for successfully escaping the middle-income trap.
    Citation
    Bruszt, László; Campos, Nauro F.. 2018. Deep Economic Integration and State Capacity: A Mechanism for Avoiding the Middle-Income Trap?. © Asian Development Bank. http://hdl.handle.net/11540/8429. License: CC BY 3.0 IGO.
    ISSN
    2313-6537 (print)
    2313-6545 (electronic)
    Keywords
    Development Economics
    Regional Economic Development
    Economic Impact
    Asian Development Bank
    Development
    Economic Boom
    Regional Economic Integration
    Good Governance
    Governance Approach
    Macroeconomic
    Macroeconomic Analysis
    Macroeconomic Framework
    Macroeconomic Models
    Macroeconomic Performance
    Macroeconomic Planning
    Macroeconomic Policies
    Macroeconomic Reform
    Macroeconomic Stabilization
    Economic planning
    Economic structure
    Growth policy
    Trade relations
    Trade policy
    Trade policy
    Economic development
    Economies in transition
    International economy
    Border integration
    Economic integration
    Gross domestic product
    Trade policy
    Institutional Framework
    Public Administration
    Business Ethics
    Regional economics
    Economic forecasting
    Economic development projects
    Success in business
    Business
    Free trade
    Business
    Economics
    Communication in economic development
    Restraint of trade
    International economic integration
    Trade blocs
    East-West trade
    Show allCollapse
    Citable URI
    http://hdl.handle.net/11540/8429
    Metadata
    Show full item record
    Thumbnail
    ewp-547-avoiding-middle-income-trap.pdf (424.0Kb)
    Author
    Bruszt, László
    Campos, Nauro F.
    Theme
    Economics
    Governance
     
    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise
    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise