Economic development critically involves diversification and structural transformation?that is, the continued, dynamic … comparison with Sub-Saharan Africa. Much of the progress has occurred through diversification along the ?extensive margin,? that …, diversification into products with longer ?quality ladders? may be a necessary first step before large gains from quality improvement …

The many and varied crises in the world economy since 2007 seem to have different origins and diverse manifestations …

This paper examines how the ability to access long-term debt affects firm-level growth volatility. The analysis finds … growth volatility in countries with better-developed financial systems, as these firms may benefit from reduced refinancing … risk and therefore growth volatility associated with short-term financing. Increased availability of long-term finance …

This paper investigates the adverse effects of oil price volatility on economic activity and the extent to which … countries can hedge against such effects by using renewable energy. By considering the Realized Volatility of oil prices, rather …, and variance decompositions show that oil price volatility has more-adverse effects in all sample countries than oil price …

effect of trade openness on growth volatility. The authors also identify positive thresholds for product diversification at …This paper addresses the mechanisms by which trade openness affects growth volatility. Using a diverse set of export … diversification indicators, it presents strong evidence pointing to an important role for export diversification in reducing the …

Traditional measures of trade diversification only take into account contemporaneous export baskets. These measures … measures of diversification by introducing a novel measure of trade diversification?latent diversification?and proposes a proxy … to measure latent diversification, which is calculated by taking into account the entire history of a country?s exports …

The need for economic diversification receives a great deal of attention in Russia. This paper looks at a way to …, economic diversification means doing new things in new sectors and/or in new markets. The fate of emerging firms, therefore …, should be of great concern to policy makers. This paper indicates that the ups and downs -- the volatility -- of Russian …

The future development of the Tajik economy will be shaped by its comparative advantage on world markets. Exploiting … an export diversification strategy should tap the agglomeration economies generated by cities. More specifically …