Advanced market economies are characterized by a continuous process of creativedestruction. Market forces and technological developments play a major role in shaping thisprocess, but institutional and policy settings also influence firms´ decision to enter, to expandif successful and to exit if...

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...

This paper uses the pattern of firm entry and exit to develop a classification system forindustries. The classifications include urbanruralbias; longtermgrowth; and firm survivalpatterns. The first captures the fact that sectorspecificeconomic growth may be favored inurban areas for some...