Arizona

Tax Reductions in Arizona: Effects on Economic Growth and Government Revenue

October 2016

Summarizes supply-side economic theory and the Laffer Curve, reviews the tax burden in Arizona after nearly 25 years of tax reductions passed by the Arizona Legislature, and examines the effects of these tax reductions on economic performance and public revenue. Empirical evidence indicates that economic performance in Arizona has not been stronger since the tax cuts went into effect and that public revenue has fallen substantially.

Tom Rex, M.B.A.

Associate Director, Center for Competitiveness and Prosperity Research; Manager of Research Initiatives, Office of the University Economist

[email protected]

After receiving his Bachelor of Business Administration from the University of Toledo, Tom earned his Master of Business Administration from Arizona State University in 1976. After working in the private sector, he joined ASU in 1980, working for the predecessor of the L. William Seidman Research Institute. Since 2005, he has served as manager of research initiatives in the Office of the University Economist.

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The Performance of the Arizona Economy, Particularly During the Current Cycle

October 2016

Examines economic performance in Arizona and in subregions of the state in three categories: aggregate growth, prosperity, and productivity. Each of the subregions of Arizona contribute to the state’s low and declining levels of productivity and prosperity relative to the national average.

Dennis Hoffman, Ph.D.

Director, Office of the University Economist; Director, Center for Competitiveness and Prosperity Research; Professor of Economics

[email protected]

Dennis received a B.A. in economics and mathematics from Grand Valley State University, a M.S. in economics from Michigan State University, and a Ph.D. in economics from Michigan State University in 1978. He has served on the faculty of the Department of Economics at ASU since 1979, as director of ASU’s L. William Seidman Research Institute (2004-24), and as the director of the Office of the University Economist since 2005.

Tom Rex, M.B.A.

Associate Director, Center for Competitiveness and Prosperity Research; Manager of Research Initiatives, Office of the University Economist

[email protected]

After receiving his Bachelor of Business Administration from the University of Toledo, Tom earned his Master of Business Administration from Arizona State University in 1976. After working in the private sector, he joined ASU in 1980, working for the predecessor of the L. William Seidman Research Institute. Since 2005, he has served as manager of research initiatives in the Office of the University Economist.

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The Economic Impact of the Arizona State University Research Park, 2016

September 2016

Investigates the impact of the operations of the tenants at the ASU Research Park on employment and income. The 2016 impact in Arizona was 16,160 jobs, $865 million in labor income, and $1,418 million in total income.

Kent Hill, Ph.D.

Principal Research Economist, L. William Seidman Research Institute

[email protected]

After completing his undergraduate degree in economics at Wake Forest University, Kent received his Ph.D. in economics from Rice University in 1979. He was an assistant professor at ASU from 1978 to 1983. After leaving the university for seven years, during which he worked in the research department of the Federal Reserve Bank of Dallas, he returned to ASU to teach in 1991. He joined ASU’s L. William Seidman Research Institute in 1999.

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The Financing of Public Elementary and Secondary Education in Arizona

July 2016

Looks at revenues and expenditures of K-12 education in Arizona over time, compared to other states. Only two states—Idaho and Utah—raised less revenue per student for K-12 education.

Dennis Hoffman, Ph.D.

Director, Office of the University Economist; Director, Center for Competitiveness and Prosperity Research; Professor of Economics

[email protected]

Dennis received a B.A. in economics and mathematics from Grand Valley State University, a M.S. in economics from Michigan State University, and a Ph.D. in economics from Michigan State University in 1978. He has served on the faculty of the Department of Economics at ASU since 1979, as director of ASU’s L. William Seidman Research Institute (2004-24), and as the director of the Office of the University Economist since 2005.

Tom Rex, M.B.A.

Associate Director, Center for Competitiveness and Prosperity Research; Manager of Research Initiatives, Office of the University Economist

[email protected]

After receiving his Bachelor of Business Administration from the University of Toledo, Tom earned his Master of Business Administration from Arizona State University in 1976. After working in the private sector, he joined ASU in 1980, working for the predecessor of the L. William Seidman Research Institute. Since 2005, he has served as manager of research initiatives in the Office of the University Economist.

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Arizona’s Income Taxes: A Comparison With Other States and a Policy Discussion of Potential Tax Reforms

July 2016

Examines Arizona’s individual and corporate income taxes, making comparisons to other states. Individual and corporate income tax rates have both been lowered several times in Arizona since the early 1990s, and various other modifications made to the income taxes—such as the creation of new tax credits—also have reduced the revenue received by state government from these taxes.

Timothy Hogan, Ph.D.

Senior Research Associate, L. William Seidman Research Institute; Professor Emeritus, Department of Economics

[email protected]

After earning a B.A. in economics from the University of California at Berkeley, Tim received a M.A. in economics from the University of California at Davis and a Ph.D. in economics from Virginia Tech University in 1971. Tim was a faculty member in the ASU Department of Economics from 1970 until he retired in 2004. He began working for the predecessor of the L. William Seidman Research Institute in the 1970s and has been associated with the Institute since it was established, serving as director from 1995 through 2004.

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The Economic Base of Arizona, Metropolitan Phoenix, Metropolitan Tucson, and the Balance of the State: Updated With 2014 Data

July 2016

Focuses on the economic base as defined by economic clusters. Four economic clusters—aerospace vehicles and defense, financial services, metal mining, and hospitality and tourism—are identified as being of particular importance.

Dennis Hoffman, Ph.D.

Director, Office of the University Economist; Director, Center for Competitiveness and Prosperity Research; Professor of Economics

[email protected]

Dennis received a B.A. in economics and mathematics from Grand Valley State University, a M.S. in economics from Michigan State University, and a Ph.D. in economics from Michigan State University in 1978. He has served on the faculty of the Department of Economics at ASU since 1979, as director of ASU’s L. William Seidman Research Institute (2004-24), and as the director of the Office of the University Economist since 2005.

Tom Rex, M.B.A.

Associate Director, Center for Competitiveness and Prosperity Research; Manager of Research Initiatives, Office of the University Economist

[email protected]

After receiving his Bachelor of Business Administration from the University of Toledo, Tom earned his Master of Business Administration from Arizona State University in 1976. After working in the private sector, he joined ASU in 1980, working for the predecessor of the L. William Seidman Research Institute. Since 2005, he has served as manager of research initiatives in the Office of the University Economist.

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Migration To and From Arizona

May 2016

Summarizes migration data from three sources: the Internal Revenue Service, the American Community Survey, and the University of Wisconsin. Net migration to Arizona—particularly resulting from immigration from other countries—was unusually strong from the early 1990s through mid-2000s, but has been below the historical norm since then.

Tom Rex, M.B.A.

Associate Director, Center for Competitiveness and Prosperity Research; Manager of Research Initiatives, Office of the University Economist

[email protected]

After receiving his Bachelor of Business Administration from the University of Toledo, Tom earned his Master of Business Administration from Arizona State University in 1976. After working in the private sector, he joined ASU in 1980, working for the predecessor of the L. William Seidman Research Institute. Since 2005, he has served as manager of research initiatives in the Office of the University Economist.

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An Economic Comparison of Arizona and Nevada, With an Emphasis on Education

February 2016

Compares Arizona and Nevada on various aspects of the economy, including economic development and economic performance, and examines educational measures. Evaluations of the business climate in Nevada place it below the national average and near the bottom of the western states, while Arizona ranks among the middle of the states.

Dennis Hoffman, Ph.D.

Director, Office of the University Economist; Director, Center for Competitiveness and Prosperity Research; Professor of Economics

[email protected]

Dennis received a B.A. in economics and mathematics from Grand Valley State University, a M.S. in economics from Michigan State University, and a Ph.D. in economics from Michigan State University in 1978. He has served on the faculty of the Department of Economics at ASU since 1979, as director of ASU’s L. William Seidman Research Institute (2004-24), and as the director of the Office of the University Economist since 2005.

Tom Rex, M.B.A.

Associate Director, Center for Competitiveness and Prosperity Research; Manager of Research Initiatives, Office of the University Economist

[email protected]

After receiving his Bachelor of Business Administration from the University of Toledo, Tom earned his Master of Business Administration from Arizona State University in 1976. After working in the private sector, he joined ASU in 1980, working for the predecessor of the L. William Seidman Research Institute. Since 2005, he has served as manager of research initiatives in the Office of the University Economist.

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A Summary of the October 2015 Special Legislative Session on Education Finance

November 2015

Summarizes the provisions of the legislation and provides context for an analysis of the provisions. The legislative package will last 10 years, with additional funding for elementary and secondary education increasing from an estimated $299 million in fiscal year 2016 to $400 million in FY 2025.

Tom Rex, M.B.A.

Associate Director, Center for Competitiveness and Prosperity Research; Manager of Research Initiatives, Office of the University Economist

[email protected]

After receiving his Bachelor of Business Administration from the University of Toledo, Tom earned his Master of Business Administration from Arizona State University in 1976. After working in the private sector, he joined ASU in 1980, working for the predecessor of the L. William Seidman Research Institute. Since 2005, he has served as manager of research initiatives in the Office of the University Economist.

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An Economic Comparison of Arizona and Utah

September 2015

Contrasts Arizona and Utah on various aspects of the economy, including economic development and economic performance. The business climate in Utah has been evaluated as being among the best in the nation, while Arizona ranks among the middle of the states.

Dennis Hoffman, Ph.D.

Director, Office of the University Economist; Director, Center for Competitiveness and Prosperity Research; Professor of Economics

[email protected]

Dennis received a B.A. in economics and mathematics from Grand Valley State University, a M.S. in economics from Michigan State University, and a Ph.D. in economics from Michigan State University in 1978. He has served on the faculty of the Department of Economics at ASU since 1979, as director of ASU’s L. William Seidman Research Institute (2004-24), and as the director of the Office of the University Economist since 2005.

Tom Rex, M.B.A.

Associate Director, Center for Competitiveness and Prosperity Research; Manager of Research Initiatives, Office of the University Economist

[email protected]

After receiving his Bachelor of Business Administration from the University of Toledo, Tom earned his Master of Business Administration from Arizona State University in 1976. After working in the private sector, he joined ASU in 1980, working for the predecessor of the L. William Seidman Research Institute. Since 2005, he has served as manager of research initiatives in the Office of the University Economist.

Read more about An Economic Comparison of Arizona and Utah

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