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Massell (1964) also came up with some interesting findings by concluding that there was a clear relationship between instability of export earnings and concentration of exports. Sweetie Bracelet But he stressed that "neither diversification nor the degree of industrialization appears to explain much of the variation in export instability", and elaborated further that "diversification may be beneficial in other ways, for example, in providing the economy with greater flexibility in adapting the structure of its production to changes in market conditions"(Massell, 1964, p.62). links of london sweetie bracelet Another cross sectional analysis conducted by Soutar (1977) concluded that geographic concentration was one of the significant variables in explaining instability in 48 less developed countries from 1957 to 1969. Other significant explanatory variables that explained export instability were commodity concentration and petroleum product index. However, Malaysia was excluded in the sample used in this analysis. links of london Perhaps the main reason Malaysia had to be dropped from the sample was due to lack of data for the period of study. links of london charms Macbean and Nguyen (1988) showed a summary of cross country results on effects of export instability on economic growth done by 13 authors. These results suggested that instability was an obstacle to growth, but the authors cautioned the readers on the causal relationship between growth and instability was sensitive to the samples of countries, periods of time series and the way in which the instability was measured. Love (1990) in his studies took a sample of 65 developing countries and compared the degrees of instability experiences by this group between the periods of 1960 to 1971 and 1972 to 1984. The results obtained indicated that instability increased between the two periods. It is important to note that Malaysia was one of the seven countries omitted in his studies due to increasing dependency on export revenues from oil.