Stæhr, Karsten - In: Intereconomics : review of European economic policy 50 (2015) 5, pp. 274-280
the issue of whether the Baltic states might become caught in a middle-income trap with modest growth and slow convergence … 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 experienced strong economic growth and a rapid closing of the income gap with developed economies …