Arizona

Ensuring That Arizona State Government's Budget Stabilization Fund Serves Its Purpose

June 2012

Simulates the functioning of the budget stabilization fund under differing specifications and presents recommendations to improve the operation of the fund. In each of the two recessions since the creation of the budget stabilization fund, the balance in the fund has been insufficient to meet the needs, forcing substantial reductions in expenditures to be made in order to balance the budget.

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 Base of Arizona, Metropolitan Phoenix, Metropolitan Tucson, the Balance of the State, and Chandler

June 2012

Analyzes the economic base in 2009 and the changes in the base between 2001 and 2009. Arizona’s economy is reasonably diverse.

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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An Assessment of Arizona's Economic Competitiveness

May 2012

Projects Arizona’s economic competitiveness following legislative actions in 2011 and 2012. The recent packages of business tax reductions and enhanced incentives taken individually will boost competitiveness; however, this will be offset by an inability to provide the public infrastructure and services needed by businesses due to the reduction in government revenue.

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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2010 Census Results for Arizona

November 2011

Discusses the results of the 2010 decennial census for Arizona, with comparisons to the nation and other states, and for Arizona counties and places. Changes between 2000 and 2010 are included.

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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Creating Jobs in Arizona by Building and Renovating Physical Infrastructure

October 2011

Evaluates actions that can be taken by state governments to stimulate the economy. The only action that results in a significant near-term effect is to accelerate spending on physical infrastructure that has already been identified as needed.

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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An Overview of the Knowledge Economy, With a Focus on Arizona

August 2011

Defines and discusses the importance and characteristics of the global knowledge economy, with measurements of the size of the knowledge economy nationally and in Arizona presented. Knowledge is now recognized as the driver of productivity gains and economic growth, leading to a new focus on the role of information, technology, and learning in economic performance.

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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Capital Gains in Arizona and the Effect on State Government General Fund Revenues

July 2011

Reviews the cyclicality of capital gains and the impact of these fluctuations on general fund revenues. Capital gains are highly cyclical, but during periods of high capital gains, the increase in general fund revenue has not been perceived to be transitory; instead, permanent tax reductions and spending increases have been made.

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.

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Tax and Expenditure Limitation Proposals in Arizona

March 2011

Assesses several proposals to create a new state government revenue or expenditure limit in Arizona, and compares the proposals to Colorado’s limit. Arizona already has a limit, adopted in the late 1970s, that constrains state government appropriations to a percentage of the state’s personal income.

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.

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.

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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Causes of Varying Economic Performance By State

March 2011

Examines economic growth by state since 2000, particularly during the 2002-07 expansion and during the 2008-09 recession. The varying economic performance across states had little relationship to such factors as a state’s economic diversity or job quality; instead, local factors—such as a state’s specific industrial mix—played a large role.

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 Constitution: Specified Duties of State Government

November 2010

Looks at the functions of state government that are specified in the Arizona Constitution. Generally, the Constitution does not delineate specific duties of state government. The Constitution is much more explicit regarding the provision of public education, and the funding for education, than it is for any other state government duty.

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 Arizona Constitution: Specified Duties of State Government

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