2023
DOI: 10.1177/08912424231183941
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Diversifying Hawai‘i's Specialized Economy: A Spatial Economic Perspective

Abstract: Specialization in tourism exposes the economy of Hawai‘i to external shocks that trigger collapses in tourist numbers. Furthermore, Hawai‘i's economic growth has diminished for decades as the dominance of tourism has not generated productivity growth. In response, policy makers in Hawai‘i increasingly emphasize diversification. This article examines a spatial economics perspective to explain why Hawai‘i is so specialized, and to sketch policy for diversification and growth. Isolated, small, and open economies … Show more

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Cited by 3 publications
(1 citation statement)
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References 79 publications
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“…Investments in education not only empower individuals with knowledge and skills but also contribute to poverty reduction, gender equality, and social inclusion (World Bank, 2020). Furthermore, an educated workforce fosters innovation, entrepreneurship, and economic diversification, driving sustainable development in local communities (Smith, 2020). Highly skilled, educated, and well-trained workforces have a direct impact on economic performance; as well as ensuring quality output, work will be more…”
Section: Educationmentioning
confidence: 99%
“…Investments in education not only empower individuals with knowledge and skills but also contribute to poverty reduction, gender equality, and social inclusion (World Bank, 2020). Furthermore, an educated workforce fosters innovation, entrepreneurship, and economic diversification, driving sustainable development in local communities (Smith, 2020). Highly skilled, educated, and well-trained workforces have a direct impact on economic performance; as well as ensuring quality output, work will be more…”
Section: Educationmentioning
confidence: 99%