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This paper analyses the impact of recessions and booms on firm performance. We look at 70,000 firms in over 100 countries between 1986 and 2014 and document the trends in firm entry over the business cycle. Our paper confirms some standard facts about firm dynamics: employment growth is...
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This paper explores the impacts of temperature changes on the spatial distribution of industries, focusing on temperature effects on firm entry and exit. Using the information on all firms registered in China, we find a robust inverted U-shaped relationship between temperature and firm entry and...
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