Economy
Benefits and Costs of Implementing the IAPMO Green Plumbing and Mechanical Code Supplement in Hawaii
We calculate the benefits and costs of implementing the International Association of Plumbing and Mechanical Officials (IAPMO) 2012 Green Plumbing and Mechanical Code Supplement (GPMC) for various building types in Hawaii, with particular emphasis on water-use efficiency provisions in the code. Benefits of the GPMC are measured as water savings, where baseline usage is estimated […]
Read MoreUHERO Asia-Pacific Forecast: Moderate Regional Growth Faces Rising Risks
The Asia-Pacific economy slowed this year, and only slight acceleration is expected in 2015. While US economic conditions are steadily improving, Japan has had to delay for now additional tax hikes after the first one prompted contraction. Lower oil prices will be an overall plus for the global economy, even if they pose challenges for […]
Read MoreBrief: An Economic and GHG Analysis of LNG in Hawaii
Hawaii currently meets the majority of its electricity needs through oil-fired generation – causing rates to be nearly four times the national average. In response to rising oil prices and in line with State-led action combating natural hazard resilience, Hawaii is aggressively pursuing alternative sources of energy for its electric sector. Hawaii’s Renewable Portfolio Standard […]
Read MoreAn Economic and GHG Analysis of LNG in Hawaii
Hawaii currently meets the majority of its electricity needs through costly oil-fired generation causing rates to be nearly four times the national average (EIA, 2013a). The “shale gas revolution” has led to rapidly declining natural gas prices within the continental U.S. The emergence of a natural gas market that is de-linked from oil prices has […]
Read MoreUHERO State Forecast Update: Hawaii’s Economy In Need of An Engine
Prospects for Hawaii growth remain muted. Despite a pickup over the summer, visitor arrivals have been soft this year, and the period of robust visitor spending increases is behind us. A mixed global economic environment and limited visitor industry capacity will keep a lid on future gains. While the construction expansion continues, it does so […]
Read MoreIn the Eye of the Storm: Coping with Future Natural Disasters in Hawaii
Hurricane Iniki, that hit the island of Kauai on September 11th, 1992, was the strongest hurricane that hit the Hawaiian Islands in recorded history, and the one that wrought the most damage, estimated at 7.4 billion (in 2008 US$). We provide an assessment of Hawaii’s vulnerability to disasters using a framework developed for small islands. […]
Read MoreA Hurricane’s Long-Term Economic Impact: the Case of Hawaii’s Iniki
The importance of understanding the macro-economic impact of natural disasters cannot be overstated. Hurricane Iniki, that hit the Hawaiian island of Kauai on September 11th, 1992, offers an ideal case study to better understand the long-term economic impacts of a major disaster. Iniki is uniquely suited to provide insights into the long-term economic impacts of […]
Read MoreThe Growing Importance of Tourism in the Global Economy and International Affairs
For tourism-dependent countries and destinations, tourism’s share of GDP can exceed twice the world average. Today, international tourism receipts exceed $1 billion per year in some 90 nations. Worldwide, domestic tourism is typically several times larger. Tourism truly has become a global economic and social force. Full Published Article: https://www.georgetownjournalofinternationalaffairs.org/online-edition/the-growing-importance-of-tourism-in-the-global-economy-and-international-affairs
Read MoreIncome Inequality in Hawaii Since Statehood
By Jonathan Page and Timothy Halliday Thomas Piketty’s best-selling tome on the evolution of inequality in the US, Capital in the Twenty-First Century, has inspired us to ask—how does the distribution of income in Hawaii compare with that in the country as whole? And how has that distribution changed over time? To answer these questions, […]
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