productivity or vice versa? Using matching methods, I find that productivity shocks are followed by significant increases in size … defined by employment. In contrast, size shocks are not followed by productivity gains at the firm level. This finding casts … doubt on the conventional wisdom that aggregate productivity in Spain is driven by a firm size distribution biased towards …

-2012, we investigate the interactions between high growth episodes in terms of size and productivity. We find that high growth … in productivity (size) increases the likelihood of high growth in size (productivity). However, the effect from size to … productivity is smaller than the effect from productivity to size. We also explore the potential role of firm-level financial …