Russian volatility: Obstacle to firm survival and diversification

AS González, L Iacovone… - World Bank Policy …, 2013 - papers.ssrn.com
The need for economic diversification receives a great deal of attention in Russia. This
paper looks at a way to improve it that is essential but largely ignored: how to help
diversifying firms better survive economic cycles. By definition, economic diversification
means doing new things in new sectors and/or in new markets. The fate of emerging firms,
therefore, should be of great concern to policy makers. This paper indicates that the ups and
downs--the volatility--of Russian economic growth are key to that fate. Volatility of growth is …

Russian volatility: Obstacle to firm survival and diversification

L Iacovone, AS González, H Subhash - 2013 - opus4.kobv.de
The need for economic diversification receives a great deal of attention in Russia. This
paper looks at a way to improve it that is essential but largely ignored: how to help
diversifying firms better survive economic cycles. By definition, economic diversification
means doing new things in new sectors and/or in new markets. The fate of emerging firms,
therefore, should be of great concern to policy makers. This paper indicates that the ups and
downs--the volatility--of Russian economic growth are key to that fate. Volatility of growth is …
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