Economy
UHERO Executive Director Carl Bonham serves on President M.R.C. Greenwood’s Innovation Council
UHERO Executive Director Dr. Carl Bonham participated in a panel at an innovation symposium on Jan 13. The panel’s findings indicate that the University of Hawaiʻi and the state have a significant strategic advantage to turn already-robust research efforts into increased job opportunities for Hawaiʻi and the nation. The report, presented for public input and review, […]
Read MoreState Forecast Update: Hawaii’s Two-Speed Recovery
Recovery edges forward in the Islands, for now primarily in tourism and mostly on Oahu. But the very rapid tourism rebound will begin to spill over to the rest of the economy in 2011.
Read MoreThe Employment Effects of Fiscal Policy: How Costly Are ARRA Jobs
The American Recovery and Reinvestment Act was intended to stimulate the U.S. economy and to create jobs. But at what cost? In this paper, we discuss the range of potential benefits and costs associated with counter-cyclical fiscal policy. Benefits and costs may be social, macroeconomic, structural, and budgetary. They may depend importantly on timing and […]
Read MoreGlobal Economic Forecast: World Recovery Falters
Global economic recovery is proceeding, but in an uneven fashion. The developing Asian countries that were the first to show signs of life last year continue to expand at a healthy pace, driven by rebounding trade but also by strong domestic demand.
Read MoreUHERO Brief: China’s Real Estate Bubble
What will be the consequences of China’s real estate bubble deflating? One is tempted to equate the Chinese real estate bubble with the U.S. experience, but the differences between the Chinese and American real-estate and financial sectors are striking and will likely lead to a very different, and a much more moderate, outcome.
Read MoreChina’s Real Estate Bubble
What will be the consequences of China’s real estate bubble deflating? One is tempted to equate the Chinese real estate bubble with the U.S. experience, but the differences between the Chinese and American real-estate and financial sectors are striking and will likely lead to a very different, and a much more moderate, outcome.
Read MorePublication: Spatial Economic Analysis of Early Detection and Rapid Response Strategies for an Invasive Species
Economic impacts from invasive species, conveyed as expected damages to assets from invasion and expected costs of successful prevention and/or removal, may vary significantly across spatially differentiated landscapes. We develop a spatial–dynamic model for optimal early detection and rapid response (EDRR) policies, commonly exploited in the management of potential invaders around the world, and apply […]
Read MoreUHERO Unveils Redesigned Data Portal
UHERO unveiled its redesigned UHERO Data Portal, a free online resource that provides access to the most up-to-date information on a wide array of economic and social indicators for the state and county economies. The completely revamped design, made possible by generous support from Bank of Hawaii, provides improved navigation, expanded functionality, and an attractive, […]
Read MoreState Forecast Update: Strong Summer for Tourism
Hawaii’s recovery continues, led by a better-than-expected performance from tourism. The visitor industry’s summer strength is sustaining moderate job gains in related sectors.
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