How Big Are the Benefits of Economic Diversification? : Evidence from Earthquakes /
Economic activity is risky. Returns across economic sectors can be highly variable, potentially causing costly adjustments to consumption. However, when returns are imperfectly correlated across sectors and insurance is unavailable, diversification can reduce the economic impact of shocks. Therefore...
| Κύριος συγγραφέας: | |
|---|---|
| Μορφή: | Επιστημονικό περιοδικό |
| Γλώσσα: | English |
| Έκδοση: |
Washington, D.C. :
International Monetary Fund,
2005.
|
| Σειρά: | IMF Working Papers; Working Paper ;
No. 2005/048 |
| Διαθέσιμο Online: | Full text available on IMF |