MODEL OF TRADE DIVERSIFICATION BASED ON THE MARKOWITZ MODEL OF PORTFOLIO ANALYSIS

被引：17

作者：

LOVE, J

机构：

[1] Department of Economics, University of Strathclyde

来源：

JOURNAL OF DEVELOPMENT STUDIES | 1979年 / 15卷 / 02期

关键词：

D O I：

10.1080/00220387908421717

中图分类号：

F0 [经济学]; F1 [世界各国经济概况、经济史、经济地理]; C [社会科学总论];

学科分类号：

0201 ; 020105 ; 03 ; 0303 ;

摘要：

Despite the widespread adoption of trade diversification as a legitimate policy objective by planners in developing countries, there has as yet been little effort to examine systematically the argument that diversification will reduce fluctuations in export earnings. This paper attempts to develop a model, along the lines of the Markowitz model of portfolio analysis, which would allow one to investigate the impact of diversification. The analysis suggests that diversification does not invariably reduce or eliminate export fluctuations and that diversification may involve a cost in terms of lost export earnings. © 1979, Taylor & Francis Group, LLC. All rights reserved.

引用

页码：233 / 241

页数：9