The effects of the pandemic on the economy of Hawaii

Steven Bond-Smith and Peter Fuleky

No 2022-4, Working Papers from University of Hawaii Economic Research Organization, University of Hawaii at Manoa

Abstract: The economy of Hawaii was extremely vulnerable to the COVID-19 pandemic due to its heavy reliance on tourism. This article is a thorough survey of issues affecting a tourism-dependent open economy during the COVID-19 pandemic. We provide a comprehensive analysis of the pandemic’s economic impact in Hawaii by comparing the actual outcomes during the affected period with the pre-pandemic forecast. We explain why Hawaii’s experience differed from other states, suggest reasons for a slow recovery, and discuss the pandemic’s lasting effects in the Islands. We also describe changes in the economic forecasting process necessitated by the increase in uncertainty.

Pages: 30 pages
Date: 2022-07
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Citations: View citations in EconPapers (2)

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Journal Article: The effects of the pandemic on the economy of Hawaii (2023)
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Persistent link: https://EconPapers.repec.org/RePEc:hae:wpaper:2022-4

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