Using plant-level panel data on the Korean manufacturing sector during the 1990-98 period, this study tries to assess the role of entry and exit in enhancing aggregate productivity, both qualitatively and quantitatively. The main findings of this study are summarized as follows. First, plant...

The first part of this paper provides some empirical evidence on the patterns of growth in countries hit by the banking crisis. Specifically, we examine whether the banking crisis accompanies changes in medium or long term growth rates and, if so, whether the changes in growth are mainly driven...