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...
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| Materyal Türü: | Dergi |
| Dil: | English |
| Baskı/Yayın Bilgisi: |
Washington, D.C. :
International Monetary Fund,
2005.
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| Seri Bilgileri: | IMF Working Papers; Working Paper ;
No. 2005/048 |
| Online Erişim: | Full text available on IMF |