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...
| Egile nagusia: | |
|---|---|
| Formatua: | Aldizkaria |
| Hizkuntza: | English |
| Argitaratua: |
Washington, D.C. :
International Monetary Fund,
2005.
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| Saila: | IMF Working Papers; Working Paper ;
No. 2005/048 |
| Sarrera elektronikoa: | Full text available on IMF |