Siegel, Paul B.; Johnson, Thomas G.; Alwang, Jeffrey
Abstract
An input-output model is ideal for measuring regional economic diversity and diversification. Such a model effectively determines the impact of different diversification policies and can be used to analyze expected growth. Arbitrary definitions and measures of economic diversity and diversification should be discarded because they are more detrimental than useful. They concentrate more on the variety of sectors rather than the types of sectors in a region.
