Carl Bonham
Interim Forecast Update: COVID-19 Will Impose Significant Economic Impacts in Hawaii
The spread of the novel coronavirus and recent visitor falloff lead us to lower sharply our outlook for the Hawaii economy. In the baseline forecast, real visitor spending is expected to fall more than 10% this year and payroll jobs by 0.6%, with an attenuated recovery path. Alternative scenarios reflect a wide range of possible […]
Read MoreCarl Bonham appointed to Select House Committee on COVID-19
House Speaker Scott K. Saiki today announced the appointment of individuals to serve on the Select House Committee on COVID-19 Economic and Financial Preparedness adopted through House Resolution 54. UHERO Executive Director Carl Bonham along with a long list of other community, business, and legislative leaders have been named to the committee, which will be exploring how to […]
Read MoreTariff Peril
By Byron Gangnes, Peter Fuleky, and Carl Bonham In a Sunday Tweet, President Trump threatened this week to increase dramatically the tariffs he has placed on imports from China. The aggressive trade policies of the administration and retaliation by foreign countries are already having an adverse impact on the US, China, and other trade partners. […]
Read MoreHow high is too high? What’s known and unknown about minimum wage increases
By Ashley Hirashima and Carl Bonham In 2014, while the legislature was debating Senate Bill 2609, which eventually raised Hawaii’s minimum wage from $7.25 to $10.10, we wrote about the growing body of evidence that small minimum wage increases reduce poverty and have little or no adverse effects on employment levels. At the same time, […]
Read MoreCarl Bonham presented with the AUBER Fellow Award
UHERO’s Carl Bonham was recently presented with the AUBER Fellow Award, recognizing a lifetime achievement for a center director who has demonstrated significant leadership and substantial service to AUBER (Association for University Business and Economic Research). Congratulations, Carl!
Read MoreSome thoughts on property taxes and school funding
By Carl Bonham and James Mak Voters will soon be weighing in on a possible amendment to Hawaii’s constitution. The ballot question is, “Shall the legislature be authorized to establish, as provided by law, a surcharge on investment real property to be used to support public education?” 1 Unfortunately, this language provides no definition of […]
Read MoreForecasting in a Mixed Up World: Nowcasting Hawaii Tourism
We evaluate the short term forecasting performance of methods that systematically incorporate high frequency information via covariates. Our study provides a thorough introduction of these methods to the tourism literature. We highlight the distinguishing features and limitations of each tool and evaluate their forecasting performance in two tourism-specific applications. The first uses monthly indicators to […]
Read MoreRaising Property Taxes to Improve Public Schools
By James Mak and Carl Bonham Hawaii’s public school teachers’ union (HSTA) is back at the State Legislature this session to ask lawmakers to help find more money to pay teachers and other education expenses. HSTA was at the Legislature last year to lobby for a 1% increase in the State’s 4% general excise and use […]
Read MoreUHERO wins 2016 Polzin Prize for Best Paper at AUBER Fall Conference
UHERO is proud to announce that “Forecasting in a Mixed Up World: Nowcasting Hawaii Tourism” by Ashley Hirashima, James Jones, Carl Bonham and Peter Fuleky was awarded the Polzin Prize for Best Paper at the 2016 AUBER fall conference! We evaluate the short term forecasting performance of methods that systematically incorporate high frequency information via covariates. Our […]
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