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===Conventional growth domain=== It has been observed that GDP growth is influenced by the size of the economy. The relation between GDP growth and GDP across the countries at a particular point of time is convex. Growth increases as GDP reaches its maximum and then begins to decline. There exists some extremum value. This is not exactly middle-income trap. It is observed for both developed and developing economies. Actually, countries having this property belong to ''conventional growth domain''. However, the extremum could be extended by technological and policy innovations and some countries move into ''innovative growth domain'' with higher limiting values.<ref>{{cite journal |last1=Das |first1=Tuhin K. |title=Cross-Sectional Views of GDP Growth in the Light of Innovations |journal=Economic Growth eJournal |date=2019 |doi=10.2139/ssrn.3503386 |ssrn=3503386 |s2cid=219383124}}</ref>
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