technological diversification. Production makes use of different input varieties, which are subject to imperfectly correlated shocks …. In our model, the expansion in the number of varieties provides diversification benefits against variety-specific shocks …

diversification is less effective when jumps are frequent, unpredictable and strongly correlated. Public supervisors may also mind …

We study how financial market efficiency affects a measure of diversification of output across industrial sectors … and for various levels of disaggregation, we construct a benchmark measure of diversification as the set of allocations of … patterns disappear when we employ "naive" measures of diversification based on the equal spreading of output across sectors …

This paper provides an assessment of Russia’s long-term growth prospects. In particular, it addresses the question of … Russia’s fast economic expansion in recent years has benefited from a number of singular factors such as the unprecedented … rise in oil prices, the paper presents new evidence on Russia’s oil price dependency using a Vector Error Correction Model …