TY - GEN T1 - The middle income trap from a Schumpeterian perspective. T2 - Economics working papers. A1 - Aghion,Philippe LA - English PP - Metro Manila, Philippines PB - Asian Development Bank YR - 2017 UL - https://tuklas.up.edu.ph/Record/UP-99796217613686223 AB - Growth and development come from structural transformation, defined as the interplay between changes in economic structure and supporting institutions at different stages of development. The paper discusses how firms, competition, and institutions affect structural transformation. KW - Economic development : Schumpeterian. KW - Electronic books. ER -