UHERO 540 Saunders Hall 2424 Maile Way Honolulu, HI 96822 Telephone: 808.956.7605 e-mail: bonham@hawaii.edu Link to curriculum vitae Download high quality photo

Education

University of Texas at Austin, Ph.D., Economics

Tulane University, BA, Economics

Research Interests

Applied Econometrics and Forecasting, Macroeconimcs and Financial Markets,  
Hawaii's Economy, Tourism Economics

Carl Bonham was a founding member of UHERO in 1997, and currently serves as  UHERO's Executive Director and Professor of Economics.  Carl's  research interests, include macroeconomics, applied econometrics and forecasting, tourism economics, and the Hawai`i economy. His current research includes development of dynamic factor models using daily, weekly and monthly data on Hawaii's visitor industry to produce high frequency forecasts of visitor arrivals and spending. Other work in progress includes a study of the effects of airfare on visitor travel decisions, and the impact of important agricultural land designations on Kauai.  Recent publications include, "Chinese Saving Dynamics: The Impact of GDP Growth and the Dependent Share" with Calla Wiemer in Oxford Economic Papers, and "The Rationality and Heterogeneity of Survey Forecasts of the Yen-Dollar Exchange Rate: A Reexamination," with Richard Cohen and Shigeyuki Abe forthcoming in the Handbook of Financial Econometric and Statistics.  Dr. Bonham is a member of the State of Hawaii Council on Revenues, and on the University of Hawai'i President’s Advisory Council on Hawai`i Innovation and Technology Advancement.

Selected Publications

"The Rationality and Heterogeneity of Survey Forecasts of the Yen-Dollar Exchange Rate: A Reexamination" forthcoming in the Handbook of Financial Econometric and Statistics, edited by Alice C. Lee and Cheng-Few Lee, Springer Academic Publishers.

"Chinese Saving Dynamics: The Impact of GDP Growth and the Dependent Share" with Calla Wiemer. Oxford Economic Papers, published online April 2012.

“Financial Integration in the Pacific Basin Region: RIP by PANIC Attack?”, with Somchai Amornthum, Journal of International Money and Finance, May 30, 2011

“Modeling Tourism: A fully identified VECM approach”, with Byron Gangnes and Ting Zhou, International Journal of Forecasting, Vol. 25, 2009, 531-49.

“Collusive Duopoly:  The Effects of the Aloha and Hawaiian Airlines” Agreement to Reduce Capacity,” with James Mak and Roger Blair, Antitrust Law Journal, Vol. 74, No. 2, 2007,  409-38.

“Fragmentation and East Asia's Information Technology Trade,” with Byron Gangnes and Ari Van Asche, Applied Economics, Applied Economics, 2007, 39, 215–228 .