Arizona

Quantitative Examples of the Financial and Economic Benefits of Higher Education

March 2008

Focuses on three of the financial/economic benefits provided by universities: individual financial benefits, social financial benefits, and economic benefits of university research.

Dennis Hoffman, Ph.D.
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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Public Investment Using Debt Financing and the Effect on Economic Activity: Perspectives for the State of Arizona

January 2008

Discusses the use of long-term debt by governments to finance long-lasting infrastructure projects. Includes an empirical analysis of the relationship between debt burdens and economic growth.

Dennis Hoffman, Ph.D.
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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A Brief Analysis of Issues Associated With Debt Financing for the State of Arizona “Students First” School Capital Funding System

March 2007

Compares the existing system of financing the construction of new schools through current expenditures from the general fund with the alternative of using long-term debt financing. Debt financing is an appropriate mechanism for school construction because the benefits of new schools extend far beyond the year in which the school is constructed.

Dennis Hoffman, Ph.D.
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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Changes in State Government Spending Compared to Changes in Income in Arizona Since 1990

March 2007

Provides an analysis of the change in state government expenditures and gains in income. Spending increases generally have been in line with the gains in various measures of income.

Dennis Hoffman, Ph.D.
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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Is Resident Undergraduate Instruction at Arizona State University as Nearly Free as Possible?

November 2006

Extends the February 2006 paper on tuition and appropriations by including a quantitative analysis of tuition, financial aid, and income.

Dennis Hoffman, Ph.D.
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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High-Wage Jobs

May 2006

Examines high-wage jobs throughout the United States with a focus on Arizona. Arizona’s subpar job quality is not due to a scarcity of high-wage jobs, but instead results from lesser job quality in the remainder of the employment distribution.

Tom Rex, M.B.A.
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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Job Quality: 2004 Update

March 2006

Updates the initial analyses of job quality conducted in 2005, which presented a new way to calculate job quality nationally and by state.

Tom Rex, M.B.A.
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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Tuition, Appropriations and Constitutional Mandates in Arizona

February 2006

Looks at university tuition levels and public support for universities by state, with consideration of constitutional requirements for tuition to be as nearly free as possible and for appropriations to be made for the maintenance and improvement of public educational institutions.

Dennis Hoffman, Ph.D.
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.
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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Educational Attainment in Arizona Compared to All States

November 2005

Summarizes educational attainment nationally and by state based on the decennial census, with a particular focus on those active in the labor force. Among the workforce, Arizona’s attainment was below average, particularly among young adults.  

Tom Rex, M.B.A.
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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Higher Education Enrollment and Finance in Arizona Compared to All States

October 2005

Analyzes public support for higher education nationally and by state. Total revenues and expenditures per student at Arizona institutions of higher education were far below the national averages in 2003.  

Tom Rex, M.B.A.
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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