jismart2020056: Research on Industrial Structure Effect on Across the "Middle Income Trap"

Abstract

Now the “middle income trap” is plaguing the development of many countries, and also is concerned by many scholars. In this paper, the industrial structure of countries falling into “middle income trap” is compared with countries across “middle income trap”, and the fixed effects variable intercept panel data model has been constructed. Compared with countries across “middle income trap”, the average level of the primary and secondry industry ratio of countries falling into “middle income trap” is relatively high, but the average level of the tertiary industry ratio and GDP per capita are relatively low. Because the industrial structure of our country is more similar with countries falling into “middle income trap”, so our country has a certain risk of falling into “middle income trap”. The industrial structure is the most significant influence factor on “middle income trap”, and the driving force of the tertiary industry is larger than the secondary industry. Besides, accumulation of material wealth, stable political environment and educational resource also have great impact on across “middle income trap”, which has a great inspiration for the sound development of China's current economy and society.