Giovanni, Julian di; Levchenko, Andrei A.; Mejean, Isabelle - In: Econometrica 82 (2014) 4, pp. 1303-1340
This paper uses a data base covering the universe of French firms for the period 1990–2007 to provide a forensic account of the role of individual firms in generating aggregate fluctuations. We set up a simple multisector model of heterogeneous firms selling to multiple markets to motivate a...