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Tag Archives: University of Hawaii Economic Research Organization (UHERO)

UHERO forecast: Hawaiʻi’s long expansion gets global economic lift

Honolulu skyline

The newest University of Hawaiʻi Economic Research Organization (UHERO) report focuses on the impact of the global economy on the state. Improving global conditions provide a favorable environment for continued expansion in the islands. Visitor arrivals are surging to record highs, and unemployment is reaching new lows. While families are benefitting from the improved employment prospects, many have yet to see significant income growth. …

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UHERO forecast: Slow ongoing despite arrivals boom

Honolulu skyline

The newest University of Hawaiʻi Economic Research Organization (UHERO) report focuses on the slowing economic growth for Hawaiʻi despite tourism numbers exceeding expectations. The Hawaiʻi economy is decelerating. Job growth this year will come in at less than one percent, down from nearly two percent just two years ago, the consequence of a flattening construction path and the natural effects of tightening labor markets. …

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UHERO forecast: Construction easing, but more in the pipeline

Honolulu skyline

The newest University of Hawaiʻi Economic Research Organization (UHERO) report focuses on construction in Hawaiʻi. After several years of rapid expansion, the pace of building has eased. A number of significant condo and retail projects have wrapped up on Oʻahu, while fewer new buildings have broken ground, resulting in an overall reduction in construction activity and employment. But statewide there remain enough new …

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University of Hawaiʻi education a strong investment

Each year in Hawaiʻi, more than 11,000 graduating seniors must decide whether to attend college or join the workforce. In the short term, going to college is costly, however, in the long term, the investment in college pays off handsomely through a lifetime of higher earnings. A University of Hawaiʻi Economic Research Organization (UHERO) report estimates the overall rate of return for …

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UHERO forecast: As growth ebbs, risks swell

Honolulu skyline

The newest University of Hawaiʻi Economic Research Organization (UHERO) report focuses on Hawaiʻi’s continuing economic expansion although the pace of growth is beginning to slow as policy uncertainties loom. After seven years of sustained growth in the islands, deceleration is now underway. In part this stems from the slowing pace of construction industry expansion. But it also reflects a generalized …

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Growing affordable housing crisis focus of new professorship

To help address the growing crisis of affordable housing in Hawaiʻi, the Hawaiʻi Community Reinvestment Corporation (HCRC) has donated $790,000 to establish the HCRC Distinguished Professorship in Affordable Housing. This endowment supports the establishment of a professorship in the Department of Urban and Regional Planning and the University of Hawaiʻi Economic Research Organization (UHERO) in the College of Social Sciences …

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UHERO forecast: Healthy economy faces new administration risks

Honolulu skyline

The newest University of Hawaiʻi Economic Research Organization (UHERO) report focuses on the Hawaiʻi economic forecast with an Asia-Pacific outlook. The Hawaiʻi economy continues to perform well. Visitors are up, unemployment is down and the pace of building remains healthy. But the expansion, now in its seventh year, has yet to fully restore household incomes. And increments to growth will …

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UHERO wins Polzin Prize for Best Paper at AUBER conference

UHERO publication Forecasting in a Mixed Up World: Nowcasting Hawaiʻi Tourism by Ashley Hirashima, James Jones, Carl Bonham and Peter Fuleky was awarded the Polzin Prize for Best Paper at the 2016 AUBER fall conference. Forecasting in a Mixed Up World: Nowcasting Hawaiʻi Tourism evaluated the short term forecasting performance of methods that systematically incorporate high frequency information via covariates. …

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UHERO forecast: Growing in a riskier world

According to the newest University of Hawaiʻi Economic Research Organization (UHERO) report, Hawaiʻi continues on a moderate growth path despite financial market volatility, a surging dollar and global slowing. Record-setting levels of visitor activity are beginning to feel the adverse effects, but construction strength and a pause in federal sequestration have arrived at just the right time. While risks have …

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UHERO forecast: Economic expansion will continue, despite global challenges

Kapiolani Park, Waikiki

According to the newest University of Hawaiʻi Economic Research Organization (UHERO) report, economic outlook this year has turned out a bit better than anticipated, and prospects remain good for 2016. Next year will see some easing of visitor growth, but no retreat from the high levels of activity that have built up in recent years. The construction expansion will continue, …

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