1. The recession and beyond : local and regional responses to the downturn / David Bailey and Caroline Chapain -- 2. The spatial impacts of the recession / Naomi Clayton -- 3. The impact of the recession on businesses / Nigel Berkeley, David Jarvis and Jason Begley -- 4. The impacts of the...

I empirically analyze the dynamics of business investment following normal recessions (declines in business investment that are not associated with banking crises) and banking crises. Using a panel of 16 advanced economies, I find evidence for significant non-linear trend reversion or...