Scott Goldsmith, Professor Emeritus of Economics at ISER, spoke with Abbey Collins of Alaska Public Radio Network last week about increased construction spending in Alaska, particularly increases in petroleum and national defense spending. These increases, along with spending as a result of the 7.1 magnitude earthquake in November, are contributing to what Goldsmith estimates to be about a 10% increase in construction spending over 2018. Goldsmith's estimates of spending by sector are available in the 16th annual construction forecast, prepared for the Associated General Contractors of Alaska.
For the last 37 years, Alaska residents have received a Permanent Fund Dividend (PFD), but it is only recently that researchers have begun to analyze the effect of the PFD on the socio-economic well-being of Alaskans. In a new paper, Mouhcine Guettabi, associate professor of economics and ISER faculty, summarizes […]
Ralph Townsend, ISER director, gave presentations on Alaska’s economy and the state budget (PPTX, 701KB) to the Board of Directors of the Alaska Federation of Natives, CIRI’s Tikahtnu Forum and the Fairbanks Chamber of Commerce in early May. Townsend’s main areas of discussion included employment and the state budget, […]
A new study of the Alaska Permanent Fund Dividend (PFD) program shows that an additional $1,000 PFD decreases the probability of an Alaskan child being obese by as much as 4.5 percentage points, translating to about a 22% reduction in obesity. […]
There are positive signs that the recession is coming to an end, with a slight growth in jobs during January and February 2019, but the recovery is fragile and will be sensitive to changes in oil prices and budget cuts, Mouhcine Guettabi, associate professor of Economics and ISER […]
Mouhcine Guettabi provided an economic overview and answered questions concerning the impact of the governor’s proposed budget to members of the Alaska State Senate and House Finance Committees on Thursday, March 7. […]
Within the first few weeks after the Alaska Permanent Fund Dividend (PFD) is paid, substance-abuse incidents increase, while property crime decreases. On an annual basis, however, changes in criminal activity associated with the payment are small and estimated costs are a small portion of the total payment, according to a […]
Since the start of the most recent recession, driven by the decline in oil prices and consequent contraction of government and private sector spending, the state has lost upwards of 13,000 jobs. But these losses have not been felt equally. ISER’s Mouhcine Guettabi uses employment data between June 2015 and June 2018, to show how each of Alaska’s 19 boroughs and 10 census areas have fared in this recent report.
Matthew Berman and Jennifer Schmidt, faculty members at ISER, recently completed a study titled Economic Effects of Climate Change in Alaska. Findings from that research were also included in the Alaska chapter of the recently released report from the U.S. Global Change Research Program (USGCRP). […]
“The end of the recession is potentially approaching,” Mouhcine Guettabi said on a recent Talk of Alaska on Alaska Public Radio. Guettabi and Neal Fried, senior economist with the State of Alaska’s Department of Labor, agreed that the recession may be ending in the next few months, with the forecast for 2019 being positive, but with little job growth.