01851cas a2200277 a 4500 AALejournalIMF018407 230101c9999 xx r poo 0 0eng d 5.00 USD 9781484351017 1018-5941 BD-DhAAL BD-DhAAL McIntyre, Arnold. Economic Benefits of Export Diversification in Small States / Arnold McIntyre, Mike Xin Li, Ke Wang, Hanlei Yun. Washington, D.C. : International Monetary Fund, 2018. 1 online resource (23 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students The paper considers concepts of economic diversification with respect to exports (including service sectors) for small states. We assessed the economic performance of different groups of 34 small states over the period of 1990-2015 and found those more diversified experienced lower output volatility and higher average growth than most other small states. Our findings are consistent with conventional economic theories but we found that export diversification has a more significant impact on reducing output volatility than improving long run growth in small states. Diversification requires fundamental changes and should be contemplated in the context of a cohesive development strategy. Mode of access: Internet Wang, Ke. Xin Li, Mike. Yun, Hanlei. IMF Working Papers; Working Paper ; No. 2018/086 Full text available on IMF http://elibrary.imf.org/view/journals/001/2018/086/001.2018.issue-086-en.xml IMF e-Library