This volume is mainly concerned with methods of estimating income elasticity. It is connected with economic development that can be achieved by reducing income inequality, a highly relevant subject in today's world for a wide range of policy areas.

The internationalization of the U.S. economy over the past fifteen years has had a discernible impact on regional development. This paper is an analysis of the regional effects of inward foreign direct investment, a particularly dynamic component of the internationalization process. Foreign...

Formal risk analysis techniques applied in managing construction project risks tend to focus on risks that lend themselves to 'objective' methods of economic analysis. Although subjective probabilities and Bayesian methods are applied successfully in other industries to manage 'subjective' risks...