Steven Bond-Smith
An Economic Analysis of the Proposal to Phase Out Transient Vacation Rentals in Maui County Apartment Districts
This report examines the Maui County proposal to phase out transient vacation rentals (TVRs) in Apartment districts, including removing long-standing exceptions for pre-1989 properties widely known as the “Minatoya List.” The policy aims to improve housing affordability, worsened by the 2023 wildfires, by converting TVRs into long-term housing units. Our analysis includes effects on tourism, […]
Read MoreRural Health Disparities in Hawai‘i
This report examines the health disparities between rural and non-rural areas in Hawai‘i, using data from the June 2023 UHERO Rapid Survey. While rural areas offer benefits like proximity to nature and strong community ties, they also face challenges such as reduced access to quality healthcare. Our analysis reveals significant health disparities, particularly among people […]
Read MorePotential opportunities to diversify the economy of Hawaiʻi
By: Steven Bond-Smith and Sumit Ilamkar The economy of Hawaiʻi is extraordinarily concentrated in the tourism industry. As a result of tourism’s dominance, Hawaiʻi’s economy faces short-term risks from shocks that impact visitor numbers and long-term stagnation from flat and volatile tourism spending over the last three decades. In response to these issues—which became especially […]
Read MoreReport: Potential opportunities to diversify the economy of Hawai‘i
Read the summary blog post. The economy of Hawai‘i is extraordinarily concentrated in the tourism industry. As a result of tourism’s dominance, Hawai‘i’s economy faces short-term risks from shocks that impact visitor numbers and long-term stagnation from flat and volatile tourism spending over the last three decades. In response to these issues—which became especially salient […]
Read MoreWork-from-Home, Relocation, and Shadow Effects: Evidence from Sweden
In this paper, we explore some little-known, but significant, economic geography features of the work-from-home (WFH) revolution. The increased practice of work from home following the pandemic has prompted a redistribution of working populations between urban and rural locations. Using a uniquely detailed and comprehensive individual-level nationwide Swedish micro-dataset, we analyze shifts in commuting distances […]
Read MoreHow does Hawai‘i’s economic geography affect its healthcare industry?
Hawai‘i’s small size and isolation present particular challenges to the healthcare industry, including lower productivity and higher costs, due to its limited ability to take advantage of economies of scale. The state’s high cost of living likely compounds these problems by hindering the recruitment of healthcare professionals who must often be hired from out-of-state. Furthermore, […]
Read MoreThreshold regressions for more objective urban and regional policies
Abstract: Achieving policy goals often requires different policies for different places, but the assignment of places to policies is often arbitrary, political, or based on anecdotal evidence. We argue that there are simple analytical techniques to improve policy by allocating places into corresponding ‘policy regimes’ in a more objective manner. We show how to implement […]
Read MoreCombining agglomeration economies and endogenous growth without scale effects
Abstract: Increasing returns to scale is essential to both spatial economics and macroeconomic growth. Spatial externalities imply external local increasing returns that generate an uneven spatial distribution of economic activity. While non-rival knowledge also implies increasing returns – in order to endogenise growth – this is not a spatial micro-foundation. Spatial theories of growth must […]
Read MoreReducing fire risk and restoring value to fallow agricultural lands
This blog was conceived via conversations among UHERO faculty and fellows from diverse backgrounds from environmental economics, ecosystem services, economic diversification, and fire and ecosystems. It is meant to stimulate conversation, research, and action towards pathways to address the critical problem of fire risk from unmanaged grasslands and opportunities to support more generative landscapes. We […]
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