Why is GDP so much more volatile in poor countries than in rich ones? To answer this question, we propose a theory of … 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 …

dataset for the period of 1995-2006. We first develop the theory between ICT and economic growth. We show that ICT-capital has …

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. …

Die Wahl zwischen Diversifikation und Spezialisierung ist eine lange und kontrovers diskutierte Frage in der … messen, wie sie bei real existierender, also beobachtbarer Diversifikation reagieren und ob sie in Querschnitt- und … Diversifikation sowie ihrer Entwicklung im Zeitverlauf für das verarbeitende Gewerbe in Deutschland gegeben. …