UHERO
Economic Development
Combining agglomeration economies and endogenous growth without scale effects
Abstract: Increasing returns to scale is essential to both spatial economics and macroeconomic growth. Spatial externalities imply external local increasing returns that generate an uneven…
Publication: Diversifying Hawai‘i’s Specialized Economy: A Spatial Economic Perspective
Abstract: Specialization in tourism exposes the economy of Hawai‘i to external shocks that trigger collapses in tourist numbers. Furthermore, Hawai‘i’s economic growth has diminished for…
Hawaii’s long-term economic recovery after COVID-19
By Steven Bond-Smith The following is adapted from a presentation I recently gave at the Western Regional Science Association meetings on the Big Island. My…
Diversifying Hawai‘i’s specialized economy: A spatial economic perspective
Specialization in tourism exposes the economy of Hawai‘i to external shocks that trigger collapses in tourist numbers. Furthermore, Hawai‘i’s economic growth has diminished for decades…
Is 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…
Blog: 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…
The unintended consequences of increasing returns to scale in geographical economics
Increasing returns to scale is the basis for many powerful results in economics and economic geography. But the limitations of assumptions about returns to scale…
Location, Location, Location! A uniquely Hawai‘i economic development strategy
By Steven Bond-Smith Hawaiʻi’s economy is in trouble. Unemployment is typically low in Hawai‘i and it was close to an all-time low in March 2020…
Location, Location, Location! A uniquely Hawaiʻi economic development strategy
By Steven Bond-Smith* Hawai‘i’s vulnerability to economic shocks has become a paramount concern during the pandemic. Extreme specialization in the visitor industry exposes Hawaiʻi to…