This discussion paper resulted in a publication in <A href="http://link.springer.com/article/10.1007%2Fs11187-012-9436-x">'Small Business Economics'</A>, 2013, 41(2), 335-357.<P> Policy in developed countries is often based on the assumption that higher business ownership rates induce economic value. Recent microeconomic empirical evidence casts doubts on the validity of...</p></a>

This paper aims to identify the contribution of knowledge capital and its determinant - human capital - to total factor productivity differences among regions within a regression framework in general and the impact of their spillovers on regional total factor productivity in particular. The...