UHERO Affiliated Faculty and Staff

UHERO Affiliated Faculty and Staff

Faculty Research Associates

Dr. Carl Bonham is UHERO's Executive Director and Associate Professor in the Economics Department at the University of Hawaii at Manoa. Bonham received his Ph.D. from from the University of Texas at Austin in 1989. His research interests include macroeconomics, applied dynamic econometrics, tourism economics, and the Hawaii economy. Bonham is collaborating with Byron Gangnes to develop econometric models of the Hawaii economy for UHERO. Other work in progress includes a specialized model of the tourism sector in Hawaii, and modeling expectations of prices and exchange rates under heterogeneous information. Recent publications include "The Impact of 9/11 and Other Terrible Global Events on Tourism in the United States and Hawaii," with Christopher Edmonds and James Mak , Journal of Travel Research, 2006. Dr. Bonham serves on the editorial board of the Journal of Travel Research, and as a member of the State of Hawaii Council on Revenues.

Byron Gangnes is Director of UHERO's Hawaii Economy Group and an Associate Professor of Economics at the University of Hawaii at Manoa. He received his Ph.D. from the University of Pennsylvania in 1990. Gangnes was a visiting scholar at the University of Toronto during Fall 1997. Gangnes's research interests are in the fields of international finance, international industrial organization, and econometric modeling. He has written extensively on US-Japan trade policy and Japanese macroeconomic adjustment. Gangnes is co-editor, Japan's New Economy: Continuity and Change in the 21st Century (Oxford University Press, 2001).

Christopher Grandy is an Associate Professor of Public Administration at the University of Hawaii (Manoa). He received a doctorate in Economics from the University of California at Berkeley and was Assistant Professor of Economics at Barnard College, Columbia University and the University of Hawaii at Manoa. From 1995 to 2001, Grandy served as Economist with the Research and Economic Analysis Division of the Hawaii Department of Business, Economic Development, and Tourism. In that capacity he conducted economic analyses of tax, technology, construction, and other issues facing Hawaii's economy. He was also heavily involved in the Department's economic forecasting efforts. Grandy has published a number of academic articles in economic history, law and economics, and finance, and he authored a book on economics and corporation law at the turn of the 20th century. Grandy's latest book, Hawaii Becalmed: Economic Lessons of the 1990s, was published in September 2002 by University of Hawaii Press.

Denise Eby Konan is the interim Chancelor of the University of Hawaii at Manoa and Professor in the Department of Economics at the University of Hawaii at Manoa. Konan received her Ph.D. from the University of Colorado in 1993. She is an expert in international economics and computational analysis. Her current research focuses on policy analysis of direct foreign investment, the world trading system, and regional integration agreements. Among her recent publications are articles in the Journal of Public Economics, Review of International Economics, Review of Development Economics, and World Economy. Konan is currently working on developing a simulation model of the Hawaii economy for UHERO.

Sumner J. La Croix (Ph.D., University of Washington, 1981) is Professor in the Department of Economics and the Population Studies Program at the University of Hawaii-Manoa (UHM); an Adjunct Senior Fellow with the Economics Study Area at the East-West Center; and an affiliate faculty member with the UHM Center for Chinese Studies. La Croix's research focuses on the economic history, development, and current state of economies in the Asia-Pacific region, with an emphasis on issues pertaining to institutional change, property rights, and organization and regulation of industry. He is co-editor of Japan's New Economy: Continuity and Change in the Twenty-First Century (Oxford University Press 2001) and Institutional Change in Japan (Routledge 2006), a contributor to Historical Statistics of the United States, millennium edition (Cambridge University Press 2005), and a co-author of Government and the American Economy from Colonial Times to the Present (University of Chicago Press, forthcoming 2006). Current research projects study global access to essential medicines; China's international trade; and economic education in Hawaii. La Croix is also team leader of the Hawaii Population Project, a multi-year research endeavor that links Hawaii�s residents across the 1900, 1910, 1920, and 1930 censuses and uses the linked database to analyze critical social, political, and economic questions associated with the massive Asian, European, and American migration to Hawaii from 1876 to 1924.

Leroy Laney is a Professor of Economics and Finance at Hawaii Pacific University. He joined HPU after broad ranging experience in central banking, private banking, national government, and academia. From 1990 to 1998, he was Chief Economist of First Hawaiian Bank, where his position involved advising senior management, writing and editing the Bank's economic publications, and serving as the Bank's spokesman on economic affairs to the business community and the media. He previously served as an economist on the staff of the President's Council of Economic Advisers, and also in the Office of the International Monetary Research at the U.S. Treasury. At the Federal Reserve Bank of Dallas, his responsibilities included writing for and editing the Bank's publications, an advisory role to the Bank President on Monetary Policy, and frequent public speaking engagements and media contact. Dr. Laney received his Ph.D. from the University of Colorado in 1976.

PingSun Leung is a Professor and Researcher in the Department of Biosystems Engineering at the University of Hawaii at Manoa. He received his Ph.D. in agricultural systems analysis from the University of Hawaii in 1977. Leung's current research is focused on the economics and management of aquaculture and fisheries. He has just completed a fish marketing study for the Mekong River Commission. Currently, he serves as the co-editor of an international journal Aquaculture Economics and Management. Among his recent publications are articles in Marine Resource Economics, Aquaculture, Aquaculture Research, Agricultural Economics, Fisheries Research, and The Journal of Consumer Affairs.

James Mak is Professor and Chair of the Department of Economics at the University of Hawaii at Manoa. He received his Ph.D. from Purdue University in 1970. Mak's research is focused on tourism in Hawaii and other Asia-Pacific economies. Mak is the co-editor of Japan: Why It Works, Why It Doesn't, University of Hawaii Press, 1998.

James Roumasset Director of UHERO's Environmental Economics and Sustainable Development Group and Professor of Economics at the University of Hawaii at Manoa. He received his Ph.D. from the University of Wisconsin in 1973. Roumasset's research interests are environmental economics, pollution control, water management, and development policy for agrarian economies. He recently completed a National Science Foundation grant on global warming and sustainable development. He is currently working with the state's Natural Resources Economics Taskforce on environmental evaluation. Recent articles include "Prevention, Eradication, and Containment of Invasive Species: Illustrations from Hawaii," with Kimberly Burnett, Brooks Kaiser, and Basharat Pitafi. Agricultural and Resource Economics Review. Vol. 35(1), April 2006: 63-77, and "Sustainable Growth with Environmental Spillovers" (with L. Endress and T. Zhou), Journal of Economic Behavior and Organization. Volume 58, Issue 4 , December 2005, 527-547.

Gerard Russo is director of UHERO's Human Resources Project focusing largely on the microeconomics of Health, Education and the effetiveness of Labor markets, the Human Resources group studies issues ranging from the problem of the medically underinsured to the role of state funding of higher education, and the economic impact of the University of Hawaii.

Graduate Research Associates

Somchai Amornthum

Kimberly Burnett

Makena Coffman

Archie Gatchalan

Porntawee Nantamansikarn

Rui Wang

	UHERO Affiliated Faculty and Staff


Faculty Research Associates Dr. Carl Bonham is UHERO's Executive Director and Associate Professor in the Economics Department at the University of Hawaii at Manoa. Bonham received his Ph.D. from from the University of Texas at Austin in 1989. His research interests include macroeconomics, applied dynamic econometrics, tourism economics, and the Hawaii economy. Bonham is collaborating with Byron Gangnes to develop econometric models of the Hawaii economy for UHERO. Other work in progress includes a specialized model of the tourism sector in Hawaii, and modeling expectations of prices and exchange rates under heterogeneous information. Recent publications include "The Impact of 9/11 and Other Terrible Global Events on Tourism in the United States and Hawaii," with Christopher Edmonds and James Mak , Journal of Travel Research, 2006. Dr. Bonham serves on the editorial board of the Journal of Travel Research, and as a member of the State of Hawaii Council on Revenues. Byron Gangnes is Director of UHERO's Hawaii Economy Group and an Associate Professor of Economics at the University of Hawaii at Manoa. He received his Ph.D. from the University of Pennsylvania in 1990. Gangnes was a visiting scholar at the University of Toronto during Fall 1997. Gangnes's research interests are in the fields of international finance, international industrial organization, and econometric modeling. He has written extensively on US-Japan trade policy and Japanese macroeconomic adjustment. Gangnes is co-editor, Japan's New Economy: Continuity and Change in the 21st Century (Oxford University Press, 2001). Christopher Grandy is an Associate Professor of Public Administration at the University of Hawaii (Manoa). He received a doctorate in Economics from the University of California at Berkeley and was Assistant Professor of Economics at Barnard College, Columbia University and the University of Hawaii at Manoa. From 1995 to 2001, Grandy served as Economist with the Research and Economic Analysis Division of the Hawaii Department of Business, Economic Development, and Tourism. In that capacity he conducted economic analyses of tax, technology, construction, and other issues facing Hawaii's economy. He was also heavily involved in the Department's economic forecasting efforts. Grandy has published a number of academic articles in economic history, law and economics, and finance, and he authored a book on economics and corporation law at the turn of the 20th century. Grandy's latest book, Hawaii Becalmed: Economic Lessons of the 1990s, was published in September 2002 by University of Hawaii Press. Denise Eby Konan is the interim Chancelor of the University of Hawaii at Manoa and Professor in the Department of Economics at the University of Hawaii at Manoa. Konan received her Ph.D. from the University of Colorado in 1993. She is an expert in international economics and computational analysis. Her current research focuses on policy analysis of direct foreign investment, the world trading system, and regional integration agreements. Among her recent publications are articles in the Journal of Public Economics, Review of International Economics, Review of Development Economics, and World Economy. Konan is currently working on developing a simulation model of the Hawaii economy for UHERO. Sumner J. La Croix (Ph.D., University of Washington, 1981) is Professor in the Department of Economics and the Population Studies Program at the University of Hawaii-Manoa (UHM); an Adjunct Senior Fellow with the Economics Study Area at the East-West Center; and an affiliate faculty member with the UHM Center for Chinese Studies. La Croix's research focuses on the economic history, development, and current state of economies in the Asia-Pacific region, with an emphasis on issues pertaining to institutional change, property rights, and organization and regulation of industry. He is co-editor of Japan's New Economy: Continuity and Change in the Twenty-First Century (Oxford University Press 2001) and Institutional Change in Japan (Routledge 2006), a contributor to Historical Statistics of the United States, millennium edition (Cambridge University Press 2005), and a co-author of Government and the American Economy from Colonial Times to the Present (University of Chicago Press, forthcoming 2006). Current research projects study global access to essential medicines; China's international trade; and economic education in Hawaii. La Croix is also team leader of the Hawaii Population Project, a multi-year research endeavor that links Hawaii�s residents across the 1900, 1910, 1920, and 1930 censuses and uses the linked database to analyze critical social, political, and economic questions associated with the massive Asian, European, and American migration to Hawaii from 1876 to 1924. Leroy Laney is a Professor of Economics and Finance at Hawaii Pacific University. He joined HPU after broad ranging experience in central banking, private banking, national government, and academia. From 1990 to 1998, he was Chief Economist of First Hawaiian Bank, where his position involved advising senior management, writing and editing the Bank's economic publications, and serving as the Bank's spokesman on economic affairs to the business community and the media. He previously served as an economist on the staff of the President's Council of Economic Advisers, and also in the Office of the International Monetary Research at the U.S. Treasury. At the Federal Reserve Bank of Dallas, his responsibilities included writing for and editing the Bank's publications, an advisory role to the Bank President on Monetary Policy, and frequent public speaking engagements and media contact. Dr. Laney received his Ph.D. from the University of Colorado in 1976. PingSun Leung is a Professor and Researcher in the Department of Biosystems Engineering at the University of Hawaii at Manoa. He received his Ph.D. in agricultural systems analysis from the University of Hawaii in 1977. Leung's current research is focused on the economics and management of aquaculture and fisheries. He has just completed a fish marketing study for the Mekong River Commission. Currently, he serves as the co-editor of an international journal Aquaculture Economics and Management. Among his recent publications are articles in Marine Resource Economics, Aquaculture, Aquaculture Research, Agricultural Economics, Fisheries Research, and The Journal of Consumer Affairs. James Mak is Professor and Chair of the Department of Economics at the University of Hawaii at Manoa. He received his Ph.D. from Purdue University in 1970. Mak's research is focused on tourism in Hawaii and other Asia-Pacific economies. Mak is the co-editor of Japan: Why It Works, Why It Doesn't, University of Hawaii Press, 1998. James Roumasset Director of UHERO's Environmental Economics and Sustainable Development Group and Professor of Economics at the University of Hawaii at Manoa. He received his Ph.D. from the University of Wisconsin in 1973. Roumasset's research interests are environmental economics, pollution control, water management, and development policy for agrarian economies. He recently completed a National Science Foundation grant on global warming and sustainable development. He is currently working with the state's Natural Resources Economics Taskforce on environmental evaluation. Recent articles include "Prevention, Eradication, and Containment of Invasive Species: Illustrations from Hawaii," with Kimberly Burnett, Brooks Kaiser, and Basharat Pitafi. Agricultural and Resource Economics Review. Vol. 35(1), April 2006: 63-77, and "Sustainable Growth with Environmental Spillovers" (with L. Endress and T. Zhou), Journal of Economic Behavior and Organization. Volume 58, Issue 4 , December 2005, 527-547. Gerard Russo is director of UHERO's Human Resources Project focusing largely on the microeconomics of Health, Education and the effetiveness of Labor markets, the Human Resources group studies issues ranging from the problem of the medically underinsured to the role of state funding of higher education, and the economic impact of the University of Hawaii. Graduate Research Associates Somchai Amornthum Kimberly Burnett Makena Coffman Archie Gatchalan Porntawee Nantamansikarn Rui Wang