The slow recovery following the 2008/2009 recession has led to renewed interest in the question whether deep recessions lower real GDP permanently or whether we can expect a rebound to earlier trend levels. Using a recent quantile autoregression unit root test we check whether shocks to real GDP...

Comprising writings ordered around intentional and imminent 'development', this reader offers a compendium of classical and contemporary debates on development: Adam Smith and Karl Marx meet, among others, Robert Wade, Amartya Sen and Jeffrey Sachs