Economy
UHERO faculty to speak at public fora
Dr. Sumner Lacroix and Dr. Carl Bonham will share their thoughts and outlook for Hawaii’s economy at two separate events on Thursday and Friday. Sumner La Croix, Professor, Dept. of Economics, and Research Fellow, University of Hawaii Economic Research Organization, will present a public lecture on the future of Hawaii’s economy at 7 pm on […]
Read MoreConstruction Forecast: Construction Begins to Stabilize
Hawaii’s construction industry continues to seek a bottom to what has been a bruising downturn. Recent months have brought some encouraging news, but for at least the next year, the industry will find its most promising support in public sector projects.
Read MoreTechnical Progress in Transport and the Tourism Area Life Cycle
Richard Butler’s tourism area life cycle envisions tourism destinations to evolve in stages from exploration to rapid growth followed by slackening, stagnation, and even decline. The eventual slow-down in tourism growth is attributed to the destinations reaching their physical and social carrying capacities. This article examines the evolution of Hawaii as a tourism destination from […]
Read MoreWhy Hasn’t the US Economic Stimulus Been More Effective? The Debate on Tax and Expenditure Multipliers
Recent dissatisfaction with the impact of expenditure stimulus on economic activity in the United States, along with the results of academic research, have once again raised questions about the effectiveness of fiscal stimulus policies and about whether stimulus to a recessionary economy should be in the form of tax cuts or expenditure increases. This paper considers […]
Read MoreInsights on PBS: Reforming Wall Street
UHERO Research Fellow Professor Sumner LaCroix will join Gary Fujitani, Dominic Griffin III, Matt Pippin and moderator Dan Boylan to discuss financial market reform. Live: Thursday July 8, 2010 at 7:30 PM
Read MoreCounty Economic Forecast: Counties Begin Recovery After Record Downturn
Recovery will take hold across Hawai’i’s four counties during 2010. Visitor numbers have stabilized and will gradually improve as growth strengthens in major tourism markets. After record-setting job losses, limited net hiring will begin this year, building as we move into 2011 and 2012. Private construction is bottoming out, and the sector will begin to […]
Read MoreLimits to Growth: Tourism and Regional Labor Migration
The paper provides a methodology for considering the carrying capacity and limits to growth of a labor-constrained mature tourism destination. A computable general equilibrium model is used to examine the impacts of visitor expenditure growth and labor migration on Hawaii’s economy. Impacts on regional income, welfare, prices, sector-level output, and gross state product are considered […]
Read MoreUHERO 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 […]
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