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Carvalho, V. and X. Gabaix (2010). The great diversiïcation and its undoing. Working Paper.
Durlauf, S. (1993). Non ergodic economic growth. Review of Economic Studies 60, 349â366.
Jovanovic, B. (1987). Micro shocks and aggregate risk. Quarterly Journal of Economics 102, 395â409.
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