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 …

the positive relationship between democracy and industrial diversification. … ask whether democracy also has a stabilizing effect on trend-volatility, i.e. whether more democratic countries experience … policies and financial development, we find that democracy is the most robust predictor of a country's propensity for growth …

-rich Arab world to achieve sustained growth, the Arab spring should not only bring democracy, as badly needed as it is, but …

of East Asian newly industrialized countries. It provides evidence that the lack of diversification, stemming from the …

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

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

The CEMAC’s countries are characterized by a weak diversification of their products and exports. Their economic … period. Besides, it is evident from the macro-econometrics modelling that the most explanatory factors of the diversification … concentration. …

Does diversification of an economy improve the chances of democracy? This paper estimates the effect of export … diversification on democracy levels, using data from 143 countries. The endogeneity of diversification is addressed by using … diversification has a significant, positive effect on levels of democracy. This suggests that less concentrated economic power in a …