@article{Wagner:132170,
      recid = {132170},
      author = {Wagner, John E.},
      title = {Regional Economic Diversity: Action, Concept, or State of  Confusion},
      journal = {Journal of Regional Analysis and Policy},
      address = {2000},
      number = {1100-2016-90005},
      pages = {22},
      year = {2000},
      abstract = {Economic diversity has been promoted as a means to  achieve
the goals of stability and growth. However, the  link between diversity,
diversification and economic  performance depends on the differences,
both conceptually  and empirically, between diversity and
diversification.  Unfortunately, the literature contains varying  definitions
of diversity and diversification. I propose two  key points in defining
diversity. First, it is a static  concept. Second, it examines the
size, the presence of  multiple specializations, and the linkages present
among  industries within a region’s economy. A brief review  of
diversity measures is used to discuss measuring  diversity relative to
some standard, as an explanatory  variable in examining growth and
stability, and other  issues. No one diversity measure is critique free;
care  should be taken when using a diversity measure as the only  factor
in a policy designed to change the structure of a  region’s economy,
given the goals of growth and stability.},
      url = {http://ageconsearch.umn.edu/record/132170},
      doi = {https://doi.org/10.22004/ag.econ.132170},
}