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KITV Project Economy: APEC's Impact On Local Economy

Posted November 11, 2011 | Categories: Media

Mahealani Richardson interviews UHERO Research Fellow and Professor of Economics Sumner Lacroix.

  • What is the news with Japan?
  • Is the strengthening of the Chinese currency likely to happen?
  • What can you tell us about Russia?

Watch


KITV Project Economy: APEC's Long Term Economic Impact

Posted November 4, 2011 | Categories: Media

Mahealani Richardson interviews UHERO Forecast Project Director and Professor of Economics Byron Gangnes.

  • What are the long-term impacts from APEC??
  • Is there going to be a positive impact? Is the global economy having an effect here in the islands?
  • Can you explain the title of UHERO's new report, "Hawaii in Pause Mode"?

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UHERO State Forecast Update: Hawaii in Pause Mode

Hawaii’s recovery pace has slowed to a standstill this year. Despite downside risks from the US and abroad, we expect modest gains for the state economy in 2012.

A summary of this forecast is available as a service to the public. For more detailed analysis, subscribe to UHERO's Forecast Project.

public summarysubscribe


Integration of North and South American Players in Japan's Professional Baseball Leagues

Teams in Japan’s two professional baseball leagues began to add foreign players to their rosters in the early 1950s, with the average number of foreign players per team reaching 5.79 in 2004. One reason for their increased use of foreign players was that foreign hitters substantially outperformed Japanese hitters. We show\ that the pace of team integration with African-American, Latino, and Caucasian players varied substantially across teams, a pattern also observed in North American professional baseball leagues. Using team data for the 1958-2004 seasons, econometric analysis shows that good teams that experienced a poor season played foreign players more frequently in the next season’s games.

WORKING PAPER


KITV Project Economy: Economic Growth Sees Slight Improvement

Posted October 28, 2011 | Categories: Media

Kenny Choi interviews UHERO Executive Director and Associate Professor of Economics Carl Bonham.

  • What is behind the optimism in the stock market?
  • How significant is the 2.5% GDP growth?
  • What is the significance of the low residential investment rate?

Watch


KITV Project Economy: UHERO Receives National Website Honor

Posted October 21, 2011 | Categories: Media

Kenny Choi interviews UHERO Executive Director and Associate Professor of Economics Carl Bonham.

  • What do the new state unemployment numbers mean?
  • Can you tell us about the website award that UHERO recently received?
  • What is AUBER?

Watch


KITV Project Economy: Jobs Growth

Posted October 7, 2011 | Categories: Media

Mahealani Richardson interviews UHERO Research Fellow, Dr. Sumner LaCroix.

  • Is the job report good news for the executives and individuals who have been looking for work for quite a while?
  • Any sectors showing promise in this job report?
  • How is this related to the unemployment rate? 

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KITV Project Economy: Why Stocks Rallied This Week

Posted September 30, 2011 | Categories: Media

Mahealani Richardson interviews UHERO Research Fellow, Dr. Sumner LaCroix.

  • What are investors seeing in the current economic climate?
  • How is the Greek debt crisis affecting our financial markets?
  • What would financial stability in Europe mean to the US?

Watch


KITV Project Economy: Why Stocks Plunged

Posted September 23, 2011 | Categories: Media

Mahealani Richardson interviews Carl Bonham.

  • A lot of people looked at those stock numbers and made a big gasp. More than 400 points yesterday. What exactly happened in relation to what the Fed was doing for the last two days?
  • We've seen this "panic button" being pushed before so are we going to see more of this in the future?
  • The Fed released what it called Operation Twist. There's really mixed reaction - what's your reaction to this and do you think it will work to boost the economy?

Watch


Alcohol Use and Pregnancies Among Youth: Evidence From a Semi-Parametric Approach

Despite a well-established correlation between alcohol intake and various risk-taking sexual behaviors, the causality remains unknown. I model the effect of alcohol use on the likelihood of pregnancy among youth using a variety of estimation techniques. The preference is given to the semi-parametric model where the cumulative distribution of heterogeneity is approximated by a 4-point discrete distribution. Using data on 17-28 year-old women from the National Longitudinal Survey of Youth, I find that alcohol consumption increases the likelihood of pregnancy by 4.7 percentage points. Quantitatively similar but statistically weaker effects were found in the fully parametric models such as the two-stage least squares model and the bivariate probit model. Finally, the fully parametric models that ignore the effect of unobserved heterogeneity failed to establish this relationship.

Working Paper


KITV Project Economy: Hawaii's Unemployment Inches Up

Posted September 16, 2011 | Categories: Media

Kenny Choi interviews Sumner La Croix.

  • Hawaii’s unemployment rate increased from 6.1 percent in July to 6.2 percent in August. Why did this happen?
  • The number of people employed in the state decreased from July to August. Which sectors were most responsible?
  • The US stock markets rallied this week. What’s going on?

Watch Q / A


The Direct and Indirect Contributions of Tourism to Regional GDP: Hawaii

After two decades of development and refinement, the Tourism Satellite Account (TSA) has been touted as the most comprehensive way to measure the economic contribution of tourism to a destination's gross domestic product. However, recent literature has pointed out that the TSA is deficient in that it does not yield the indirect contribution of tourism to GDP. This paper shows that the TSA cannot be used to estimate the indirect contribution unless the import content of tourism is zero. The indirect contribution can be estimated using input-output (I-O) multipliers. We illustrate using Hawaii as an example.

Working Paper


Islands of Sustainability in Time and Space

We review the economics perspective on sustainable resource use and sustainable development. Under standard conditions, dynamic efficiency leads to sustainability of renewable resources but not the other way around. For the economic‐ecological system as a whole, dynamic efficiency and intergenerational equity similarly lead to sustainability, but ad hoc rules of sustainability may well lead to sacrifices in human welfare. We then address the challenges of extending economic sustainability to space as well as time and discuss the factors leading to optimal islands of preservation regarding renewable resources. Exogenous mandates based on moral imperatives such as self‐sufficiency and strong sustainability may result in missed win‐win opportunities that could improve both the economy and the environment, as well as increase social welfare across generations.

WORKING PAPER


KITV Project Economy: Reaction To Obama's Speech

Posted September 9, 2011 | Categories: Media

Kenny Choi interviews Byron Gangnes.

  • Will Obama's jobs plan work?
  • How is it possible that it won't add to the federal deficit?
  • What came about in Federal Chairman Ben Bernanke's speech?

watch Blog


KITV Project Economy: Hawaii's Economy Slowing Down

Posted September 2, 2011 | Categories: Media

Kenny Choi interviews UHERO Executive Director Carl Bonham.

  • You released the annual Hawaii forecast for 2012 and beyond; what did you find?
  • How much growth do we need to have a solid or decent economy?
  • Are we seeing strong tourism numbers for this year or next year?

watch Read Report


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