... financial development and influence industry firm size and growth (Greenwood and Jovanovic, 1990; Galor and Moav, 2005) Specifically, we include the interaction between Small Firm Share and country characteristics ... development and growth Specifically, cross-country studies (King and Levine 1993; Beck, Levine, and Loayza 2000; Levine, Loayza, and Beck 2000), firm- level studies (Demirguc-Kunt and Maksimovic 1998), and ... crucial to dissect the channels connecting finance and growth to (i) better understand the finance- growth nexus and (ii) assess whether finance causes growth, or whether financial development is simply...