caa a22 4500 606237496 CHVBK 20210128101253.0 cr unu---uuuuu 210128e20150901xx s 000 0 eng 10.1007/s10272-015-0551-1 doi (NATIONALLICENCE)springer-10.1007/s10272-015-0551-1 Staehr Karsten Department of Finance and Economics, Tallinn University of Technology, Akadeemia tee 3-486, 12618, Tallinn, Estonia aut Economic Growth and Convergence in the Baltic States: Caught in a Middle-Income Trap? [Elektronische Daten] [Karsten Staehr] The Baltic states experienced strong economic growth and a rapid closing of the income gap with developed economies until the onset of the global financial crisis. Since then they have seen a marked slowdown of economic growth. This raises the issue of whether the Baltic states might become caught in a middle-income trap with modest growth and slow convergence. Such a trap may stem from a lack of coordination among different actors in the economy, holding back the growth of productive capacity. Based on the results of empirical studies, it is argued that a middle-income trap cannot be ruled out for the Baltic states given their deep crises, weaknesses in education, simple production and export contents, institutional constraints, and rapidly ageing populations. Policymakers may seek to facilitate faster and more stable growth by taking measures that address a number of structural coordination problems in the Baltic states. ZBW and Springer-Verlag Berlin Heidelberg, 2015 Intereconomics Springer Berlin Heidelberg 50/5(2015-09-01), 274-280 0020-5346 50:5<274 2015 50 10272 https://doi.org/10.1007/s10272-015-0551-1 text/html Onlinezugriff via DOI BK010053 XK010053 XK010000 Metadata rights reserved Springer special CC-BY-NC licence nationallicence 1 research-article jats NATIONALLICENCE NATIONALLICENCE NL-springer NATIONALLICENCE 856 40 https://doi.org/10.1007/s10272-015-0551-1 text/html Onlinezugriff via DOI NATIONALLICENCE 100 1- Staehr Karsten Department of Finance and Economics, Tallinn University of Technology, Akadeemia tee 3-486, 12618, Tallinn, Estonia aut NATIONALLICENCE 773 0- Intereconomics Springer Berlin Heidelberg 50/5(2015-09-01), 274-280 0020-5346 50:5<274 2015 50 10272