Blogs
To Tax or Not to Tax Sale of Food and Medicine
By James Mak Inflation is soaring at the highest rate since the early 1980s. Not surprisingly, many Hawaii residents are struggling financially today. Sadly, this has been true long before the pandemic and the recent spike in prices. In 2018, 42% of Hawaii households struggled to make ends meet; 33% were ALICE households, households that […]
Read MoreIs O‘ahu’s new Comprehensive Economic Development Strategy strategic enough?
By Steven Bond-Smith The draft O‘ahu Comprehensive Economic Development Strategy (CEDS) for 2022-2026 is now out for public comment. The importance of the CEDS is highlighted by its requirement as a prerequisite for receiving funding from the Federal Economic Development Administration (EDA) under its Public Works and Economic Adjustment Assistance programs. It is also required to […]
Read MoreManaging for diverse coastal uses and values under sea level rise: perspectives from Oʻahu
By Leah Bremer, Makena Coffman, Alisha Summers, Lisa Kelley, and Billy Kinney “That whole experience of bonding, the family, the fresh air, that’s so critical. And we’ve lost a lot of that. As we lose the beaches, we lose that part of our culture, which is Hawaiʻi’s culture. Whether it’s a barbecue… or spend [ing] […]
Read MoreThe cost of “excess inflation” in Hawaii
By Daniela Bond-Smith, Steven Bond-Smith and Carl Bonham The cost of living in Hawaii continues to rise. In March, the Urban Hawaii (Honolulu) Consumer Price Index (CPI) was 7.5% higher than it was one year ago, squeezing household budgets and disproportionately impacting low-income households. Honolulu last saw an elevated inflation rate of 6.0% briefly in […]
Read MorePrivate Actions to Combat Climate Change Through Offsetting: The Story of The Coconut Traveler
By Kimberly Burnett, James Mak and Christopher Wada In late 2021, the United Nations (UN) held its 26th climate change conference (COP26) in Glasgow, Scotland. Among the many agreements that emerged from the conference was a coordinated plan for tourism climate action (Glasgow Declaration) to cut tourism’s global carbon emissions in half over the next […]
Read MoreCharging Visitors to Access Hawaii’s State Parks and Natural Recreation Areas
By Kimberly Burnett, James Mak and Christopher Wada Senate Bill S.B. 3192 S.D.2 in the current (2022) legislative session proposes to: “establish a visitor impact fee program, to be administered bythe department of land and natural resources, as a license requiredby visitors for usage of Hawaii’s public beaches, parks, trails, coastlines,and environment. The purpose of […]
Read MoreShould Hawaii Levy a Visitor Green Fee to Protect Our Environment?
By James Mak Since the visitor to the Islands unquestionablycontributes significantly to the State’senvironmental problems, he will no doubthave to bear a substantial portion of the outlays needed for their solution. William Baumol1970 IntroductionMore than 50 years ago in 1970 when Hawaii hosted a relatively paltry 1.7 million visitors, Princeton University economist, William Baumol, authored […]
Read MoreBlog: The Importance of Understanding Distance and Scale
By Steven Bond-Smith The economic geography of Hawaii is rather unique in the world. The economy is relatively small compared to other US states. But it is relatively large and advanced compared to many other Pacific economies. The state is extraordinarily isolated geographically, as is well known and appreciated. But it is also extraordinarily connected […]
Read MoreThe Rising Cost of Climate Change on Home Values
By Justin Tyndall Climate change poses a clear threat to coastal real estate assets. As sea level rises and coastal weather events become more severe, exposed properties will experience recurring damage and some will become uninhabitable. Homebuyers may fail to fully appreciate the threat of sea level rise, causing homes in coastal areas to be […]
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