A positive relationship between firm size and product diversification is a long-standing stylized fact. However, so far …

diversification as an essential aspect of national risk management aimed at promoting efficiency, growth, and welfare. The paper first … presents economic and political diversification side by side in a cross-country framework and discusses how they interact and … effects of insufficient economic and insufficient political diversification. Dominated for decades by the fishing industry …

. In the longer run, however, a trade-off between diversification and climate action emerges. We derive the optimal carbon …

Because excessive specialization can be risky, diversification matters for sustainable development. A case study of … Madagascar, this paper begins by briefly discussing economic and institutional diversification and presenting a simple model of … production possibilities to illuminate the possible contribution of diversification to economic and social development in …

We argue that with interdependent utility functions growth can lead to a decline in total welfare of a society if the …

extended rank-discounted utilitarianism for any utility function, as the discount factor approaches zero. -- intergenerational …