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Title: Do innovation and human capital explain the productivity gap between small and large firms?
Author: Castany Teixidor, Laia
López-Bazo, Enrique
Moreno Serrano, Rosina
Keywords: Gestió de la innovació
Formació del personal
Perfil empresarial
Petita i mitjana empresa
Dimensió de les empreses
Innovation management
Employee training
Small business
Size of business enterprises
Issue Date: 2007
Publisher: Universitat de Barcelona. Institut de Recerca en Economia Aplicada Regional i Pública
Series/Report no: [WP E-IR07/16]
Abstract: 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 that firms incorporate. We suggest that the contribution of these factors in explaining the productivity-size gap might not only be due to the fact that large firms make a more extensive use of them, but also because large firms obtain higher returns from their investment in human and technological capital. The evidence we obtain for a comprehensive sample of Spanish manufacturing firms (1990-2002) supports this hypothesis, which has important implications for the effectiveness of policies designed to improve productivity in SMEs by stimulating innovation and the use of more skilled workers.
It is part of: IREA – Working Papers, 2007, IR07/16
ISSN: 2014-1254
Appears in Collections:Documents de treball (Institut de Recerca en Economia Aplicada Regional i Pública (IREA))
Documents de treball / Informes (Econometria, Estadística i Economia Aplicada)

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