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Hopenhayn, H.A. (1992). Entry, Exit, and Firm Dynamics in Long Run Equilibrium.
Jovanovic, B. (1982). Selection and the Evolution of Industry. Econometrica 50(3): 649-670.
Osotimehin, S. and F. Pappadà (2017). Credit Frictions and the Cleansing Effect of Recessions.
Ouyang, M. (2009). The Scarring Effect of Recessions. Journal of Monetary Economics 56: 184199.
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