diversification as an essential aspect of national risk management aimed at promoting efficiency, growth, and welfare. The paper first … presents economic and political diversification side by side in a cross-country framework and discusses how they interact and … effects of insufficient economic and insufficient political diversification. Dominated for decades by the fishing industry …

A positive relationship between firm size and product diversification is a long-standing stylized fact. However, so far …

. In the longer run, however, a trade-off between diversification and climate action emerges. We derive the optimal carbon …

Because excessive specialization can be risky, diversification matters for sustainable development. A case study of … Madagascar, this paper begins by briefly discussing economic and institutional diversification and presenting a simple model of … production possibilities to illuminate the possible contribution of diversification to economic and social development in …

-run demand shocks. In this setup, the volatility of a firm’s exports depends not only on the diversification of its destination … doubt on the commonly held belief that diversification must decrease volatility. …

different from other oil-rich countries. In five main ways, all of which suggest the need for economic diversification as an …

system. Given this backdrop, this study introduces a new measure of energy diversification. It explores its impact on … economic growth with increasing long-run energy diversification. However, some countries (OECD and G20) experience negative … economic growth due to energy diversification in the short term. The results also disclosed that energy diversification does …