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Complexity, Diversity, and Stability Debate: Evidence from California County Data

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  • Dabalen, Andrew
  • Goldman, George

Abstract

A linear statistical model is used to test the hypothesis that higher levels of economic diversity are associated with more stability. We also compare the performance of several proposed indices of diversity in this linkage. The results show little sup ort for the primary hypothesis, and a mixed verdict for the second.

Suggested Citation

  • Dabalen, Andrew & Goldman, George, 1994. "Complexity, Diversity, and Stability Debate: Evidence from California County Data," CUDARE Working Papers 201382, University of California, Berkeley, Department of Agricultural and Resource Economics.
    • Handle: RePEc:ags:ucbecw:201382
    DOI: 10.22004/ag.econ.201382
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    References listed on IDEAS

    as
    1. Paul Krugman, 1994. "Fluctuations, Instability, and Agglomeration," NBER Working Papers 4616, National Bureau of Economic Research, Inc.
    2. Beveridge, Stephen & Nelson, Charles R., 1981. "A new approach to decomposition of economic time series into permanent and transitory components with particular attention to measurement of the `business cycle'," Journal of Monetary Economics, Elsevier, vol. 7(2), pages 151-174.
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    Cited by:

    1. Richard Stedman & Mike Patriquin & John Parkins, 2012. "Dependence, diversity, and the well-being of rural community: building on the Freudenburg legacy," Journal of Environmental Studies and Sciences, Springer;Association of Environmental Studies and Sciences, vol. 2(1), pages 28-38, March.

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    Keywords

    Production Economics; Public Economics;

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