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Excessive concentration increases national risk in an uncertain world. This paper views economic and political … 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 …
Persistent link: https://www.econbiz.de/10013020575
Excessive concentration increases national risk in an uncertain world. This paper views economic and political … 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 …
Persistent link: https://www.econbiz.de/10010531861
Persistent link: https://www.econbiz.de/10011540878
the expense of other industries, and political diversification through democracy aimed at encouraging pluralism and high … different from other oil-rich countries. In five main ways, all of which suggest the need for economic diversification as an … to economic development, including human and social capital. The need for diversification can be viewed in terms of …
Persistent link: https://www.econbiz.de/10013040480
different from other oil-rich countries. In five main ways, all of which suggest the need for economic diversification as an …
Persistent link: https://www.econbiz.de/10010438361
Persistent link: https://www.econbiz.de/10012065008
Economic diversification has gained significant attention as a crucial factor for sustainable development worldwide … diversification for Mongolia. By comparing Mongolia with its designated aspirational and structural peers, the paper aims to shed … light on strategies that can foster economic and societal diversification in the country. Although Mongolia possesses …
Persistent link: https://www.econbiz.de/10014343062
This paper provides empirical evidence for the importance of institutions in determining the outcome of crises on long-term growth. Once unobserved country-specific effects and other sources of endogeneity are accounted for, political institutions affect growth through their interaction with...
Persistent link: https://www.econbiz.de/10010278293
opportunities to enhance long-term output per capita and productivity growth. -- financial crises ; democracy ; political …
Persistent link: https://www.econbiz.de/10003778791
The agricultural sector in Kazakhstan experienced declining output throughout the 1990s, partly because relative prices shifted from being distorted in favor of farmers to being distorted against them. After the end of the decade public policy shifted towards support for (or less discrimination...
Persistent link: https://www.econbiz.de/10014206137