Noor, Sajid; Erickson, Christopher A. - In: Review of Economic Analysis : REA 15 (2023) 3/4, pp. 303-327
This paper studies the relationship between industry diversity and economic stability. The economic stability has been estimated using a panel-GARCH model. Our sample consists of US county-level data for the period 2003 to 2017. The results suggest that industry diversity improves economic...