# **Table 2 Firm-level Productivity** **<u>Growth and Changes in Country Characteristics in the EU</u>**

||||**Manufa**|**cturing**|||||**Service**|**s (except const**|**ruction)**||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
||(1)|(2)|(3)|(4)|(5)|(6)|(7)|(8)|(9)|(10)|(11)|(12)|
|**Ln(prod)2003**|-0.1237***|-0.1237***|-0.1237***|-0.1237***|-0.1237***|-0.1237***|-0.1122***|-0.1122***|-0.1122***|-0.1122***|-0.1122***|-0.1122***|
||(0.005)|(0.005)|(0.005)|(0.005)|(0.005)|(0.005)|(0.003)|(0.003)|(0.003)|(0.003)|(0.003)|(0.003)|
|**Size(50-249)**<sup>**1**</sup>|-0.0156**|-0.0156**|-0.0156**|-0.0156**|-0.0156**|-0.0156**|-0.0130***|-0.0130***|-0.0130***|-0.0130***|-0.0130***|-0.0130***|
||(0.007)|(0.007)|(0.007)|(0.007)|(0.007)|(0.007)|(0.004)|(0.004)|(0.004)|(0.004)|(0.004)|(0.004)|
|**Size(250-499)**<sup>**1**</sup>|-0.0530***|-0.0530***|-0.0530***|-0.0530***|-0.0530***|-0.0530***|-0.0269***|-0.0269***|-0.0269***|-0.0269***|-0.0269***|-0.0269***|
||(0.012)|(0.012)|(0.012)|(0.012)|(0.012)|(0.012)|(0.009)|(0.009)|(0.009)|(0.009)|(0.009)|(0.009)|
|**Size(500-999)**<sup>**1**</sup>|-0.0229|-0.0229|-0.0229|-0.0229|-0.0229|-0.0229|-0.014|-0.014|-0.014|-0.014|-0.014|-0.014|
||(0.019)|(0.019)|(0.019)|(0.019)|(0.019)|(0.019)|(0.015)|(0.015)|(0.015)|(0.015)|(0.015)|(0.015)|
|**Size(1000+)**<sup>**1**</sup>|-0.0582**|-0.0582**|-0.0582**|-0.0582**|-0.0582**|-0.0582**|-0.0217|-0.0217|-0.0217|-0.0217|-0.0217|-0.0217|
||(0.029)|(0.029)|(0.029)|(0.029)|(0.029)|(0.029)|(0.032)|(0.032)|(0.032)|(0.032)|(0.032)|(0.032)|
|**Age(6-10)**<sup>**2**</sup>|-0.001|-0.001|-0.001|-0.001|-0.001|-0.001|0.0013|0.0013|0.0013|0.0013|0.0013|0.0013|
||(0.009)|(0.009)|(0.009)|(0.009)|(0.009)|(0.009)|(0.005)|(0.005)|(0.005)|(0.005)|(0.005)|(0.005)|
|**Age(11-20)**<sup>**2**</sup>|-0.0027|-0.0027|-0.0027|-0.0027|-0.0027|-0.0027|-0.0017|-0.0017|-0.0017|-0.0017|-0.0017|-0.0017|
||(0.009)|(0.009)|(0.009)|(0.009)|(0.009)|(0.009)|(0.005)|(0.005)|(0.005)|(0.005)|(0.005)|(0.005)|
|**Age(21-30)**<sup>**2**</sup>|0.0102|0.0102|0.0102|0.0102|0.0102|0.0102|-0.0132|-0.0132|-0.0132|-0.0132|-0.0132|-0.0132|
||(0.021)|(0.021)|(0.021)|(0.021)|(0.021)|(0.021)|(0.018)|(0.018)|(0.018)|(0.018)|(0.018)|(0.018)|
|**Age(>=31)**<sup>**2**</sup>|0.0079|0.0079|0.0079|0.0079|0.0079|0.0079|-0.0036|-0.0036|-0.0036|-0.0036|-0.0036|-0.0036|
||(0.018)|(0.018)|(0.018)|(0.018)|(0.018)|(0.018)|(0.010)|(0.010)|(0.010)|(0.010)|(0.010)|(0.010)|
|**Global Head.**<sup>**3**</sup>|0.0670**|0.0670**|0.0670**|0.0670**|0.0670**|0.0670**|0.0309*|0.0309*|0.0309*|0.0309*|0.0309*|0.0309*|
||(0.033)|(0.033)|(0.033)|(0.033)|(0.033)|(0.033)|(0.018)|(0.018)|(0.018)|(0.018)|(0.018)|(0.018)|
|**Foreign aff.**<sup>**3**</sup>|0.0298***|0.0298***|0.0298***|0.0298***|0.0298***|0.0298***|0.0276***|0.0276***|0.0276***|0.0276***|0.0276***|0.0276***|
||(0.010)|(0.010)|(0.010)|(0.010)|(0.010)|(0.010)|(0.005)|(0.005)|(0.005)|(0.005)|(0.005)|(0.005)|
|**var0308_instock_gdp**<sup>**4**</sup>|0.0199***|0.0166***|0.0167***|0.0165***|0.0157***|0.0182***|0.0062***|0.0032***|0.0039***|0.0091***|0.0037***|0.0012***|
||(0.001)|(0.002)|(0.001)|(0.001)|(0.002)|(0.001)|(0.002)|(0.001)|(0.001)|(0.003)|(0.002)|(0.000)|
|**var0308_credit_gdp**|0.0017***|0.0017***|0.0018***|0.0018***|0.00167**|0.0019***|0.0011***|0.0005***|0.0006***|0.0012***|0.0007***|0.0004***|
||(0.000)|(0.000)|(0.000)|(0.000)|(0.000)|(0.000)|(0.000)|(0.001)|(0.000)|(0.000)|(0.000)|(0.000)|
|**var0308_skills**|0.0123***|0.0128**|0.0139***|0.0164**|0.0118**|0.0146*|0.0139***|0.0121***|0.0133***|0.0106|0.0136***|0.0125***|

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