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 …

finding of the multisector analysis is the conclusion that not diversification per se but rather a diversification with the … output. In the economies with a low level of economic diversification, commodity bonanza leads however to the shrinkage of …

The implacable list of diversification indices allows a wide range of selection opportunities for the researchers. The … absence of consensus on the selection of suitable technology diversification index, however, may lead to a lack of objectivity … with ample grounds. In this study, we focus on the case of technology diversification using patent to derive empirical …