Economy
UHERO Hawai’i Outlook: Hawai’i Recovery Takes Hold
Hawai’i’s economic recovery has begun. Employment is stabilizing, and many sectors will begin to add modest numbers of jobs as the year progresses. While growth is resuming, the pace of recovery will be slow, constrained by tepid U.S. consumer spending and the drag from the State and local fiscal conditions. As a result, unemployment will […]
Read MoreGlobal Production Networks in Electronics and Intra-Asian trade
The growth of East Asia’s intra-regional trade is driven largely by increased component trade within global electronics production networks. Data on both electronics trade and production elucidate a pattern of specialization in which upper- and middle-income countries produce sophisticated components and lower-income countries assemble lower- value-added final goods. There is evidence of increasing sophistication within […]
Read MoreAlternative Policies for US Economic Recovery
Recovery has begun in the United States and global economies. The US recovery is likely to be anemic by historical standards, raising the possibility that additional stimulus may be desirable. The President and Democrats in Congress have called for a “jobs bill,” and the Federal Reserve has demonstrated that it has a flexible toolkit for […]
Read MoreInsights on PBS: 2010 Legislative Preview
The state budget took center stage as UHERO Executive Director Dr. Carl Bonham joins Represntative Marcus Oshiro, Representative Gene Ward, Senator Russell Kokubun and Moderator Dan Boyland to how the state can live within its means. Recorded on January 14, 2010 in the PBS Hawaii studio.
Read MoreThe Dog ATE my Economics Homework! Estimates of the Average Effect of Treating Hawaii’s Public High School Students with Economics
Abstract: Hawaii is one of 27 states that do not require testing of public high school students regarding their understanding of economics. We report results for the first economics test administered to a large sample of students in Hawaii public high schools during the Spring 2004 semester. Our analysis focuses on evaluating the impact of […]
Read MoreUHERO Global Economic Forecast: Asia Leads World Recovery
After a deep, synchronized recession, growth is resuming across a broad swath of the global economy. Leading the rebound are the dynamic Asian economies. These countries, which were hit hard by last year’s collapse of world trade, have now seen a return to export-led growth, much of it originating from demand within the region. Growth […]
Read MoreUsing the Property Tax to Appropriate Gains from Tourism
This paper describes and evaluates the merits of Kauai County’s use of the property tax to capture rents from tourism and provide property tax relief to local homeowners. Because tourist accommodations are more capital intensive than other real estate, Kauai’s proposal to split the standard uniform rate into two separate rates—one on land and the […]
Read MoreUHERO Hawai’i Quarterly Forecast Update: Recovery Still Around the Corner
Things are looking up for the U.S. and global economies. Japan returned to growth in the second quarter, and it appears likely that the U.S. will post positive growth for the current quarter. It is harder to find evidence of a turnaround in the Hawai’i economy, although we expect recovery to begin by early next […]
Read MoreReducing Greenhouse Gas Emissions in Hawaii
Dr. Denise Konan, to present at Renewable Energy and Island Sustainability (REIS) Seminar Series. Hawaii has committed to reducing greenhouse gas (GHG) emissions to 1990 levels by 2020. This research presentation uses detailed data on Hawaii’s energy infrastructure and economic activities to determine the carbon intensity of Hawaii industries. New results are also presented on […]
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