Economy
UHERO County Economic Forecast: County Economies Steadily Slowing
The overall outlook for Hawai‘i’s county economies is for continued slowing along a path that has been evident since at least the middle of 2005. The pace of slowing will vary, depending on relative stage in the construction cycle, health of each county’s tourism market, and other factors. By 2008, it is expected that each […]
Read MoreUHERO Hawai’i Construction Forecast: Surge in Nonresidential Building Sustains Cycle
Hawai‘i’s construction cycle is near or past its peak,depending on which sector you look at. While the homebuilding peak occurred in 2005-06, the peak in nonresidential construction is likely in 2007 or 2008. The end of this cycle will be characterized by a slow decline in total real construction spending, but continued increase in the […]
Read MoreCommunity forums with Representative Lyla Berg
UHERO research associates are contributing to the discussion of Hawaii’s future in a 3-part series of community forums. The forums are held on Wednesdays at Kahala Elementary School from 7-8:30 pm. After each forum, you will find links to the presentations below: March 21, 2007: Asset Building as Economic Development with Dr. Karl Kim, Kimberly […]
Read MoreCollusive Duopoly: The Economic Effects of Aloha and Hawaiian Airlines’ Agreement to Reduce Capacity
In the aftermath of the terrorist attacks on September 11, 2001 (9/11), Congress passed the Aviation and Transportation Security Act (ATSA). Section 116, Air Transportation Arrangements in Certain States, provided a foundation for Aloha Airlines and Hawaiian Airlines to obtain temporary antitrust immunity for their agreement to coordinate a reduction in passenger seat capacity on […]
Read MoreUHERO Annual Hawai’i Forecast: Tourism Pause Means Further Slowing Ahead
There was a pause in Hawai’i tourism growth last year, held back by capacity constraints and relatively soft visitor demand. It will be several years before additions to the accommodation inventory permit a resumption of moderate growth in arrivals and expenditure. Together with the residential construction slowdown, the weak near-term visitor outlook means that two […]
Read MoreLabor Market Effects of Employer-Provided Health Insurance
This is an experimental study in economics of mandated benefits. Most individuals who have health insurance in the US obtain it through their employer. Some states either have or are considering government mandates that require employers to provide insurance to all full-time workers. We use an experimental laboratory to investigate possible effects of alternative health […]
Read MoreTourism’s Forward and Backward Linkages
This article proposes linkage analysis as a complement to the traditional tourism-impact analysis to examine tourism’s economic imprints on a destination’s economy. The starting point of tourism-impact analysis is final demand; impact analysis measures the direct and indirect impacts of tourist spending on the local economy. The starting point of linkage analysis is the tourism […]
Read MoreThe Impact of 9/11 and Other Terrible Global Events on Tourism in the United States and Hawaii
This article reviews recent trends in travel and tourism in the United States and Hawaii to ascertain how the terrorist attacks of 9/11 and subsequent terrible global events affected tourism flows. United States tourism has not recovered fully from 9/11 and other international shocks; indeed, recovery may be a long way off. By contrast, Hawaii […]
Read MoreState Financing of Research Universities: The Role of State and University Characteristics
This study estimates the effect of underlying determinants on state funding of Doctoral/Research-Extensive Universities (DREU) in the U.S. Using panel data on 98 DREU over the period from 1987 to 2002, we estimate the effect of a variety of DREU and state characteristics while controlling for institutional level unobserved heterogeneity. Unlike previous studies, we focus […]
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