Economy

The Economics of Energy and Greenhouse Gas Emissions in Hawaii

September 24, 2009

Dr. Denise Konan, to speak at Hawaii Economic Association luncheon September 24, 2009. The U.S. House of Representatives recently passed legislation that would put a price on carbon. The State of Hawaii has committed to sharp reductions in carbon emissions, and the Hawaii Clean Energy Initiative. Come hear the Director of UHERO’s EGGS project explain […]

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UHERO Hawai’i Construction Forecast: No Bottom Yet to Construction Downturn

September 11, 2009

The U.S. recession is easing, but prospects for a quick Hawai’i construction recovery remain poor. We expect U.S. output to grow by more than 2% during the current quarter, but job losses will continue into the first part of 2010. And, while overall credit conditions have improved, commercial lending is still being affected by the […]

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Hawaii Statehood Conference

August 10, 2009

UHERO research will be highlighted at the upcoming Hawaii Statehood Conference. New Horizons for the Next 50 Years A Commemorative Conference will be held Friday, August 21 from 7:00 a.m. to 5:30 p.m. at the Hawai’i Convention Center in Honolulu. For more information visit: http://hawaii.gov/statehood

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UHERO Hawai’i Quarterly Forecast Update: State Budget Crisis Threatens Recovery

June 12, 2009

Two recent developments have caused us to mark down a bit our already weak outlook for the Hawai’i economy. The H1N1 flu epidemic has worsened prospects for Japanese tourism, which will lead to somewhat larger visitor losses this year. But the bigger concern is fallout from the State fiscal crisis. Government actions to address the […]

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County Economic Forecast: Neighbor Islands Bear Brunt of Recession

May 15, 2009

Hawai’i’s counties face the most challenging economic environment in many years. The severe U.S. and global recessions will last through much of 2009, and when recovery does begin it is likely to be anemic by historical standards. This means a long and deep downturn for the Hawai’i visitor industry. Construction activity will continue to decline […]

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Economic Education’s Roller Coaster Ride In Hawaii, 1965-2006

April 7, 2009

Abstract: During the early 1960s a few of Hawaii’s public high schools began to offer economics courses, and they gradually became popular social studies electives. By 1999, over 46% of public high school seniors completed a one-semester course in economics. From this peak, enrollment rates would plummet to just 11% in 2003, before rebounding to […]

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Annual Hawai’i Forecast: After Sharp Drop, Recovery Will Take Time

March 20, 2009

The next several years will be difficult ones for Hawai’i businesses and households. The visitor industry will languish, as the deepest global recession in decades continues to undermine travel demand. 

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The Contribution of the University of Hawai‘i at Manoa to Hawai‘i’s Economy in 2007

March 13, 2009

The University of Hawai‘i at Manoa (UHM) had its beginnings in 1907 as a college of agriculture and mechanical arts. In 1912, the first permanent building was erected in Manoa valley in UHM’s current location. With the establishment of the College of Arts and Sciences in 1920, the College of Hawai‘i became a university. Statehood […]

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Hawai’i Construction Forecast Update: Global Downturn Hammers Construction

March 6, 2009

The global credit crisis and deepening recession have materially worsened prospects for the Hawai’i construction industry. Commercial and resort building are in retreat, hampered by a bleak national outlook and financing constraints. The residential construction downturn will continue as income and wealth losses undermine housing demand. We now expect a deeper adjustment in the local […]

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