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Start-ups and other entrepreneurial ventures make a significant
contribution to the US economy, particularly in the tech sector,
where they comprise some of the largest and most influential
companies. Yet for every high-profile, high-growth company like
Apple, Facebook, Microsoft, and Google, many more fail. This
enormous heterogeneity poses conceptual and measurement challenges
for economists concerned with understanding their precise impact on
economic growth. Measuring Entrepreneurial Businesses brings
together economists and data analysts to discuss the most recent
research covering three broad themes. The first chapters isolate
high- and low-performing entrepreneurial ventures and analyze their
roles in creating jobs and driving innovation and productivity. The
next chapters turn the focus on specific challenges entrepreneurs
face and how they have varied over time, including over business
cycles. The final chapters explore core measurement issues, with a
focus on new data projects under development that may improve our
understanding of this dynamic part of the economy.
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