TONY ADDISON Lecturer in Economics, University of Warwick PREMA-CHANDRA ATHUKORALA Senior Research Fellow, Department of Economics, Australian National University, Canberra CLARA DE SOUSA Lecturer in Economics, University of Maputo, previously at University of Warwick DAVID GREENAWAY Professor of Economics and Pro-Vice Chancellor, University of Nottingham. He was Chairman of CREDIT from 1995-1998 KAREL JANSEN Research Fellow at the ISS, The Hague STEVE LEYBOURNE Reader in Econometrics, University of Nottingham ANDREW McKAY Lecturer in Economics and an Internal Fellow of CREDIT, University of Nottingham CHRIS MILNER Professor of International Economics and an Internal Fellow of CREDIT, University of Nottingham DAVID SAPSFORD Professor of Economics, University of Lancaster