Research Papers

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 …

Efficient Groundwater Pricing and Intergenerational Welfare: The Honolulu Case

Optimal water usage and pricing programs discussed in literature tend to take for granted the …

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 …

Environmental Valuation and the Hawaiian Economy

Economic planning and policy analysis are commonly criticized for their failure to properly account for …