Carl Bonham
Riding the Wave: Transformations and Cycles in the Hawaii Economy
Dr. Bonham, UHERO’s executive director will give the Plenary Address at the Western Regional Science Association’s 47th Annual Meeting in Kona on Sunday February 17th. The meetings are being held at the Hilton Waikoloa Village Resort February 17th through the 20th, and will include presentations by UHERO research associates Dr. Denise Konan on the effects […]
Read MoreJapanese Investment in Hawaii: Past and Future
The volume of Japanese direct investments in Hawaii surged during the late 1980s. This corresponds to the rapid expansion of Japanese overseas investment in general with the sharp rise of the yen value vis-a-vis the U.S. dollar after the 1985 Plaza Accord. Between 1985 and 1995, Japanese invested no less than $12 billion in Hawaii […]
Read MoreCarl Bonham and Byron Gangnes To Receive Prestigious Service Award
Carl Bonham and Byron Gangnes will receive this year’s Hung Wo and Elizabeth Lau Ching Foundation Award for Faculty Service to the Community from the University of Hawaii at Manoa. The Convocation ceremony will be on Wednesday, September 5th, at 10:00 a.m., at UH Manoa’s Orvis Auditorium. The Hung Wo and Elizabeth Lau Ching Foundation Award for Faculty […]
Read MoreCollusive Duopoly: The Economic Effects of Aloha and Hawaiian Airlines’ Agreement to Reduce Capacity
In the aftermath of the terrorist attacks on September 11, 2001 (9/11), Congress passed the Aviation and Transportation Security Act (ATSA). Section 116, Air Transportation Arrangements in Certain States, provided a foundation for Aloha Airlines and Hawaiian Airlines to obtain temporary antitrust immunity for their agreement to coordinate a reduction in passenger seat capacity on […]
Read MoreStaff Support at UH Manoa: A Comparative Analysis
This study provides a comparative analysis of the staff support at the University of Hawai’i at Mānoa (UHM), its peer group (Peer), and all 4-year public Doctoral/Research-Extensive Universities (DREU).i To evaluate whether UHM is providing too little or too much staff support to students and faculty, we compare the ratio of full-time equivalent (FTE) staff […]
Read MoreThe Impact of 9/11 and Other Terrible Global Events on Tourism in the United States and Hawaii
This article reviews recent trends in travel and tourism in the United States and Hawaii to ascertain how the terrorist attacks of 9/11 and subsequent terrible global events affected tourism flows. United States tourism has not recovered fully from 9/11 and other international shocks; indeed, recovery may be a long way off. By contrast, Hawaii […]
Read MoreRationality and Heterogeneity of Survey Forecasts of the Yen-Dollar Exchange Rate: A Reexamination
This paper examines the rationality and heterogeneity of industry-level forecasts of the yen-dollar exchange rate collected by the Japan Center for International Finance. In several ways we update and extend the seminal work by Ito (1990). We compare three specifications for testing rationality: the ”conventional” bivariate regression, the univariate regression of a forecast error on […]
Read MoreState Financing of Research Universities: The Role of State and University Characteristics
This study estimates the effect of underlying determinants on state funding of Doctoral/Research-Extensive Universities (DREU) in the U.S. Using panel data on 98 DREU over the period from 1987 to 2002, we estimate the effect of a variety of DREU and state characteristics while controlling for university level unobserved heterogeneity. Unlike previous studies, we focus […]
Read MoreIdentifying Long-run Cointegrating Relations: An Application to the Hawaii Tourism Model
Cointegration analysis has gradually appeared in the empirical tourism literature. However, the focus has been exclusively on the demand side, neglecting supply influences and risking endogeneity inconsistencies. One reason for this may be the difficulty identifying structural relationships in a system setting. We estimate a demand-supply model of Hawaii tourism using a theory-directed sequential reduction […]
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