Productivity has been considered a key element for firms and economies to be more competitive. Several studies on productivity at a microeconomic level have found notable heterogeneity between firms. More concretely, differences in Total Factor Productivity (TFP) between large and small firms...

This paper investigates the extent to which the gap in total factor productivity between small and large firms is due to differences in the endowment of factors determining productivity and to the returns associated with these factors. We place particular emphasis on the contribution of...

Productivity has been considered a key element for firms and economies to be more competitive. Several studies on productivity at a microeconomic level have found notable heterogeneity between firms. More concretely, differences in Total Factor Productivity (TFP) between large and small firms...

This paper investigates the extent to which the gap in total factor productivity between small and large firms is due to differences in the endowment of factors determining productivity and to the returns associated with these factors. We place particular emphasis on the contribution of...

Empirical evidence is compelling that large firms are more productive than small firms. The hypothesis in this paper is that the productivity differences between small and large firms are associated with two of the main determinants of a firm’s performance: the human and technological capital...

Theoretical contributions to the literature have stressed the role of human capital in promoting economic growth. However, the empirical exercises have provided mixed evidence on the real effect of such type of capital. Most of the evidence has been obtained by estimating growth equations or...