UHERO
Economy
Regional Price Parities and the Real Economic Performance of US States
Official state accounts report real Gross Domestic Product (GDP) and its growth rate by adjusting nominal values for inflation with a national price index, yet…
Priced in or priced out, left behind or thriving: A price–income decomposition of US intercity migration
We develop and apply a transparent diagnostic framework that decomposes predicted domestic net migration across U.S. metropolitan areas into additive components associated with local incomes,…
Unpacking Hawai‘i’s income distribution
Hawai‘i is one of the most expensive states in the country, yet also more equal than most states in how income is distributed. That’s not…
Would we be in a recession without AI?
I keep hearing this. Is it true? The AI infrastructure buildout has partly offset weak construction and caused a boom in computer equipment and software…
Reassessing regional club convergence with income adjusted for subnational price variation
Regional club convergence has theoretical foundations in neoclassical growth, endogenous growth, and spatial equilibrium. Still, only the latter explicitly accounts for prices, implying convergence in…
The Economic Contribution of Waikīkī (2026 Update)
Waikīkī, through tourism-related activity, accounted for an estimated $6.9 billion, or 6% of Hawai‘i’s Gross State Product in 2024. In addition, Waikīkī’s attraction of visitors…
The 2026 Global Bond Sell-Off: Causes, Consequences, and Local Impacts
Long-term interest rates rose sharply in 2026, with the steepest climb in August and September. Yields on government bonds around the world rose to levels…
What it Takes to Age in Place in Hawaiʻi: The Income Older Adults Need to Meet Basic Needs
Hawaiʻi’s population is aging rapidly. In 2024, there were 310,324 adults age 65 and over living in Hawaiʻi, making up 21.5% of the State’s population.[1] A…
UHERO Forecast for the State of Hawaiʻi: No respite from storms or oil prices
Hawai‘i’s economy has slowed this year under the weight of war-driven oil prices and an unusually active storm season, including two hurricanes within three weeks.…