UHERO
Carl Bonham
Forecasting with Mixed Frequency Factor Models in the Presence of Common Trends
We analyze the forecasting performance of small mixed frequency factor models when the observed variables share stochastic trends. The indicators are observed at various frequencies…
The Economic Impact of the University of Hawai‘i System
The University of Hawai‘i (UH) generates economic activity through its purchases from local businesses, its payment to its employees, and spending by students and visitors.…
Should we increase Hawaii’s minimum wage?
The following post is excerpted from UHERO’s Brief “Should we increase Hawaii’s minimum wage?” Raising the minimum wage may be one of the hottest issues of…
Brief: Should we increase Hawaii’s minimum wage?
A higher minimum wage is unlikely to accomplish the stated goal of raising the living standards of the working poor. And given Hawaii’s highly service…
Tax Credit Incentives for Residential Solar Photovoltaic in Hawai‘i
Solar photovoltaic (PV) tax credits are at the center of a public debate in Hawai‘i. The controversy stems largely from unforeseen budgetary impacts, driven in…
The Contribution of the University of Hawai‘i at Manoa to Hawai‘i’s Economy in 2012
The University of Hawai‘i at Mānoa (UHM) generates economic activity through its purchases from local businesses, its payment to its employees, and spending by students…
UHERO Forum to Discuss Critical Issues on Economy, Environment and Society
Check out this video of UHERO Executive Director and Professor of Economics Carl Bonham discussing what is to be expected at the inaugural UHERO Forum, which will…
Compassionate Deficit Reduction vs the Fiscal Cliff
Last week both the U.S. Federal Reserve and the European Central Bank made big policy commitments to support the global economy (see Pacific Beat— U.S. and…
Q & A: Generous Tax Credit Leads to Lower Revenue Forecast
1. THE STATE COUNCIL ON REVENUES MET YESTERDAY AND LOWERED ITS PROJECTION FOR GENERAL FUND TAX REVENUES. WHATS UP WITH THAT? I THOUGHT THE TOURISM…