For small resource-rich developing economies, specialization in raw exports is usually considered to be detrimental to growth and Resource-Based Industrialization (RBI) is often advocated to promote export diversification. This paper develops a new methodology to assess the performance of these RBI policies. We first formulate an adapted mean-variance portfolio model that explicitly takes into ...

firms pursue diversification for sake enhancing financial performance. some theories state positive relationship between diversification and financial performance. however, there are some theories for negative relationship about the issue. the study has filled the gap that most studies done in developed countries and there are fewer studies in developing country like malaysia. in this study, re...

Abstract The few existing studies on the relationship between Aid for Trade (AfT) flows and inward foreign direct investment (FDI) tend to report a positive effect of total AfT flows, in particular aid building economic infrastructure, FDI inflows. This article aims complement these works by investigating whether stock depends recipient countries' level export product concentration. Empirical a...

The article investigates the revealed comparative export advantage, relative import specialization advantage, relative trade advantage, intra-industry trade and its quality types in agrofood trade of Croatia, Hungary and Slovenia with the European Union (EU) market. The empirical results confirmed bulk of agro-food and forestry products with revealed comparative export advantages on the EU mark...