22953, 2016; U. Akcigit and W. R. Kerr, “Growth Through Heterogeneous Innovations,” National Bureau of Economic Research Working Paper No.16443, 2010; and L. Foster, J. C. Haltiwanger, and C. Syverson, “The Slow  -7So it’s worrying that the share of gazelles in the Canadian economy has declined markedly since 1997 (Chart 4). Surprisingly, we see this decline in the information and technology sector.
Chart 4: The rates of entry of both new firms and gazelles have declined Index: 100 = 1997, annual data Index 110  90  70  50  30  Entry rate of new firms  Gazelle rate  Note: The entry rate of new firms is obtained by dividing the number of entries by the average total number of firms in the previous and current year.