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Entrepreneurship is a hot topic both in academic and policy circles.1 There is a growingrecognition that entrepreneurship is a driving force in economic growth and development in bothestablished and emerging economies. There is also an increasing body of evidence suggestingentrepreneurship that...

We introduce a taxonomy that classifies industries using three criteria: net growth in thenumber of firms; the interrelationship between firm entry and firm exit; and the degree of urbanbiasin industry growth. We show that in 9 of 15 two-digit NAICS industries investigated, thereis evidence of...