Economy

Identifying Long-run Cointegrating Relations: An Application to the Hawaii Tourism Model

Cointegration analysis has gradually appeared in the empirical tourism literature. However, the focus has been exclusively on the demand side, neglecting supply influences and risking endogeneity inconsistencies. One reason for this may be the difficulty identifying structural relationships in a system setting. We estimate a demand-supply model of Hawaii tourism using a theory-directed sequential reduction […]

The Contribution of the University of Hawai‘i to Hawai‘i’s Economy in 2003

The University of Hawai‘i had its beginnings in 1907 as a college of agriculture and mechanical arts and became the territoryís Land Grant College, a designation that remains today. With the establishment of the College of Arts and Sciences in 1920, the College of Hawai‘i became a University. Enrollment growth in the early years was […]

Tax Incentives in Tourism: Hawaii’s Hotel Remodeling and Construction Tax Credits

Fiscal incentives are widely used by governments around the world to attract private investment in “preferred” industries, including tourism. Incentives are often granted to offset actual or perceived differences in the cost of doing business in different legislative jurisdictions whether the cost differences arise from tax differences or from differences in transportation, labor, or other […]

Report on the Economic Impact of the University of Hawai’i System December 2000