This study evaluates the effectiveness of geographic diversification in reducing housing investment risk. To characterize diversification potential, we estimate spatial correlation and integration among 401 U.S. metropolitan housing markets. The 2000s boom brought a marked uptrend in housing market integration associated with eased residential lending standards and rapid growth in private mortg...

This paper investigates the microeconomics of diversification, based on a two-period model of an owner-managed firm facing uncertainty. The analysis utilizes a general statecontingent representation of uncertainty and learning. Economies of diversification are defined based on a certainty equivalent, which has three components: expected profit, the risk premium (measuring the cost of risk avers...

South Asia is gradually diversifying its crop sector in favour of high value commodities, especially fruits, vegetables and spices. If carried out appropriately, diversification can be used as a tool to augment farm income, generate employment, alleviate poverty and conserve precious soil and water resources. In India in the state of West Bengal diversification in cropping pattern is a very rec...

In this paper we investigate the economic response of rural households to 2013 floods in Pakistan. The case study illustrates important roles labor supply adjustments and income diversification coping with climate-related risks. Using detailed household panel data that were collected before after floods, find exposure flood results lower participation farm activities. overall effects are decrea...

There is little consensus on the corporate diversification-efficiency relationship in the diversification literature. The study aims to contribute to the literature by looking jointly at two dimensions of corporate diversification as product diversification and international diversification and the relationship between them. The results show negative relationship between product diversification...

purpose: this study investigats the role of tourism second homes in rural economy diversification and improvement of creating jobs and income opportunities of permanent residents in the hesar-e- valiasr dehestan. methodology: this research is applied and the method is analytical– descriptive. data collected by the use of field studies, from a total number of 358 permanent households in sample s...

Forest cover transitions in the developing tropics are conditioned by agricultural change. The expansion, intensification, and diversification of agricultural land uses are tied to regional economic/environmental regimes and decisions of local farming households. Land changescienceandagrariansystems research sharean interest in the drivers of household strategies, land use impacts, and typologi...