According to the Pew Research Center, approximately half of all American households are considered to be part of the middle class. This equates to roughly 165 million people. Typically, people in the ...
We investigate the existence of a middle-income trap using finite state Markov chains, constant growth thresholds, and mean passage times. As well as studying output per head, we examine the dynamics ...
Some results have been hidden because they may be inaccessible to you
Show inaccessible results