The preparation of cost estimates for construction projects is not an easy job, because construction projects are subject to risks and uncertainties, particularly at the inception stage, when very limited information about the project is available. However, the cost estimates prepared at this...

A survey is described which examines the current risk handling practices in evaluating capital development projects (transmission, generation and distribution) within the electricity supply industry world-wide. As risk perception is an important aspect of risk management, the attitudes towards...

This paper contributes to the debate concerning the sources of growth of newly industrializing East Asian economies, of which Singapore is an example. We first of all measure Total Factor Productivity (TFP) growth from industry level data for Singapore over a time series, and then regress the...

Northern, developed, skilled-labour rich countries have, in recent years, faced increasing competition from Southern, developing, unskilled-labour rich countries. Many have blamed the South for aggravating the wage-inequality in the North. We build a hybrid model with Heckscher-Ohlin and...

Since the elasticity of substitution between capital and labor is not always one, and since technical progress is not always Harrod-neutral, it is desirable to have an endogenous growth model that admits all sizes of the elasticity and all known technology modes. We derive an equation to do just...