Stages of diversification
Article Abstract:
An analysis of the evolution of sectoral concentration in relation to the level of per capita income and in the light of trade theories that predict a monotonic relationship between income and diversification is presented. It is observed that various measures of sectoral concentrations follow a U-shaped pattern across a wide variety of data sources. That is, countries first diversify, in the sense that economic activity is spread more equally across sectors but at later point of time they start specializing again.
Publication Name: American Economic Review
Subject: Economics
ISSN: 0002-8282
Year: 2003
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Getting the 21st-century GDP right: what's underway?
Article Abstract:
The efforts made by the Bureau of Economic Analysis in improving the measurement of national income are examined in detail.
Publication Name: American Economic Review
Subject: Economics
ISSN: 0002-8282
Year: 2000
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Economic measurement: progress and challenges
Article Abstract:
Issues related to the measurement of national income, such as demography and technological change, are examined in detail.
Publication Name: American Economic Review
Subject: Economics
ISSN: 0002-8282
Year: 2000
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