Construct · 1 fields · 1 citations

stages of diversification: a standalone construct

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Development economics

the pattern that economies diversify production as income rises and then respecialize at high income, giving a U-shaped curve of sectoral concentration.

In development economics, stages of diversification refers to the pattern that economies diversify production as income rises and then respecialize at high income, giving a U-shaped curve of sectoral concentration. This meaning comes from Imbs (2003) in American Economic Review.[1]

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Nearby constructs

diversification4 fields · 4 citationsjingle · one word, four constructs concentration4 fields · 4 citationsjingle · one word, four constructs development1 fields · 2 citationsanchor · a standalone construct

References

Imbs, J., & Wacziarg, R. (2003). Stages of Diversification. American Economic Review, 93(1), 63-86. https://doi.org/10.1257/000282803321455160

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