Diversification as Income Maximizing Strategy - Kiel Institute

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Authors

Lechthaler
W.

Publication Date

01/2010

JEL Classification

I30 O15

Key Words

developing countries

Entwicklungsländer

Income diversification

U-shape

In a simple model, I demonstrate that the U-shaped relationship

between income and income diversification typically found in developing

countries can be explained without any risk considerations. It

might be the result of pure income maximization in an environment with limited

possibilities.

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