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...
| Автор: | |
|---|---|
| Формат: | Журнал |
| Мова: | English |
| Опубліковано: |
Washington, D.C. :
International Monetary Fund,
2005.
|
| Серія: | IMF Working Papers; Working Paper ;
No. 2005/048 |
| Онлайн доступ: | Full text available on IMF |