Sumner La Croix
Q & A Summary: The Impact of Marriage Equality on Hawai′i’s Economy and Government
The legislature is currently proposing bills to extend the legal definition of marriage to include same sex couples, and, and to grant those couples the same rights and benefits of marriage that opposite sex couples currently receive. Sumner La Croix and Lauren Gabriel’s paper, “The Impact of Marriage Equality on Hawai’i’s Economy and Government” examines the potential […]
Read MoreQ & A: New Zealand’s big subsidies for the newest Hobbit film
1. IT’S A BIG WEEKEND COMING FOR THE FILM BUSINESS, WITH THE NEWEST FILM IN THE HOBBIT TRILOGY OPENING WORLDWIDE TODAY AND TOMORROW. Yes, the film is called The Hobbit: An Unexpected Journey and once again the esteemed New Zealand film director, Peter Jackson, is the creative genius behind this film. I watched the film’s trailer and […]
Read MoreQ & A: Walking the Tightropes in Europe and the United States
1. LAST NIGHT EUROPEAN FINANCE MINISTERS AND REPRESENTATIVES OF THE INTERNATIONAL MONETARY FUND MET IN BRUSSELS BUT COULDN’T REACH AGREEMENT ABOUT RELEASING SOME ALREADY PROMISED FINANCIAL AID TO GREECE. WHAT’S GOING ON IN EUROPE? That’s correct and what made the lack of agreement even more bewildering was that when the ministers entered the negotiations that […]
Read MoreHow China’s Approved Destination Status Policy Spurs and Hinders Chinese Travel Abroad
China’s “Approved Destination Status (ADS) policy allows citizens of mainland China to take pleasure trips abroad on group package tours to countries that have negotiated and implemented agreements with China. In this paper, we examine the reasons for this unique preferential and incremental travel liberalization system and how it affects mainland Chinese outbound pleasure travel.
Read MoreQ & A: Pacific Beat— U.S. and Europe Central Banks Announce Major Policy Changes
1. BOTH THE U.S. FEDERAL RESERVE AND THE EUROPEAN CENTRAL BANK MADE BIG POLICY COMMITMENTS LAST WEEK. WHAT DID THE FED DO? The U.S. Federal Reserve launched a program known in the media as “QE3”. The program involves Fed purchase of long-term bonds and is designed to bring down long-term interest rates. The program announced […]
Read MoreQ & A: The Never-Ending Euro Crisis
1. YOU ARE A PROFESSOR AT THE UNIVERSITY OF HAWAII, BUT YOU ARE GOING TO BE IN PARIS FOR THE NEXT FOUR MONTHS. HOW IS THAT POSSIBLE? I am teaching two courses in a study abroad program at the American Business School in Paris. I’m hoping to have a great time living in Paris and to […]
Read MoreHow Big? The Impact of Approved Destination Status on Mainland Chinese Travel Abroad
China’s Approved Destination Status (ADS) policy governs foreign leisure travel by citizens to ADS-designated countries. To model the effects of ADS on Chinese visitor arrivals, we specify a model of demand for a representative Chinese consumer who values trips to n differentiated foreign destinations. Using panel data for Chinese visitor arrivals for 61 countries from 1985 to 2005, we […]
Read MoreQ & A: Legislative recap
1. SO WHAT DOES THE STATE HAVE PLANNED FOR THE NEXT TWO FISCAL YEARS? A review of the budget shows three main points: –Increased spending on education, medical, other state services. –Big increases in spending on capital projects. –Important state reserve funds have not been replenished. 2. LET’S LOOK AT EACH ONE OF THESE. WHAT’S […]
Read MoreSumner La Croix to deliver seminar on mainland Chinese travel
This Friday, January 27, UHERO Research Fellow Sumner LaCroix will present “How Big? The Impact of Approved Destination Status on Mainland Chinese Travel”. The seminar will be take place at University of Hawaii, Saunders 515, from 3:00 – 4:15PM. Abstract: China’s Approved Destination Status (ADS) policy governs foreign leisure travel by its residents who are allowed […]
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