Economist Examines New Arkansas Budget Plans

By Caleb Taylor Gov. Asa Hutchinson proposed biennial budget released last Tuesday contains an early Christmas present for new Arkansans, but does it make larger reforms more difficult?  Hutchinson announced on Nov. 10 that he’d like to cut the top individual income tax rate to 4.9 percent for new residents of the Natural State. He […]

How to Prepare Arkansas for the Next Recession

By Caleb Taylor Arkansas’s small businesses are still feeling the effects of the economic downturn from COVID-19, ACRE Director and UCA Associate Professor of Economics Dr. David Mitchell said in a speech to about 25 Conway Kiwanis Club members at Larry’s Pizza on Wednesday, Nov. 4. Mitchell said the Natural State could be better prepared […]

How to Minimize Corruption in Pandemic-Related Programs

By Caleb Taylor How can corruption be minimized in pandemic-related government programs? Incentivize whistleblowers and improve online transparency. Programs such as the Paycheck Protection Program (PPP) or the Ready for Business Grant Program need greater scrutiny, according to ACRE Policy Analyst Dr. Mavuto Kalulu in “Be vigilant,” an op-ed published in the Arkansas Democrat-Gazette on […]

Reserve Fund Balances & Rules Shape State Preparedness for Crisis

By Caleb Taylor What’s one tool states can use to weather financial downturns? David Mitchell and Dean Stansel have been studying state fiscal crises for more than  a decade.  As state finances falter from COVID-19’s impact, Mitchell and Stansel draw on their research in a recent opinion article in RealClearPolicy to show how long term […]

Arkansas Handling Economic Turmoil Better Than Most States

By Caleb Taylor Arkansas is doing relatively well so far compared to the rest of the nation in weathering the economic shocks from COVID-19 since March, according to UCA Assistant Professor of Economics Jeremy Horpedahl. Horpedahl, an ACRE Scholar, spoke to attendees of a webinar hosted by Americans for Prosperity-Arkansas on May 11 about economic […]

How Will Arkansas’s Labor Market Change after the CARES Act?

By Caleb Taylor How will unemployment insurance increases in the CARES Act affect the labor market in Arkansas?  Jeremy Horpedahl, assistant professor of economics at the University of Central Arkansas, called the $600/week bonus unemployment benefit included in the law “the most significant support from the federal government for individuals suffering from the economic slowdown, […]

Is Arkansas Prepared for a Recession?

By Caleb Taylor How could Arkansas be better prepared for the next recession? Keep increasing the state’s Long Term Reserve Fund balance and improve its deposit and withdrawal rules, according to UCA Assistant Professor of Economics and ACRE Scholar Dr. Jeremy Horpedahl.  Horpedahl joined Jay Bir of Capitol View on KARK on March 8 to […]

Why Arkansas’s Long-Term Reserve Fund May Not Weather the Next Rainy Day

By Dr. David Mitchell In a recent op-ed for the Arkansas Democrat-Gazette, I pointed out that families need to have rainy day funds to provide for any loss of income. Similarly, when state governments have unexpected general budget shortfalls, they need a way to pay for them.  And in the same way that families may […]

Good Data is Vital to Public Policy

by Aaron Newell ACRE Policy Analyst Jacob Bundrick recently wrote how better access to data can lead to better policy outcomes in Arkansas. In “Data holds the key: Good analysis vital for policy,” an Arkansas Democrat-Gazette op-ed on February 13, 2019, Bundrick explains that when it comes to targeted development incentives, Arkansas is lacking in […]

ACRE Releases New Data Guide for Arkansas Citizens

By Jeremy Horpedahl It can be tough to figure out what’s really happening in Arkansas’s economy. If you follow the news, you hear reports about the latest economic data all the time: Employment is up this month! Wages are stagnant! Poverty declined last quarter! This focus on the most recent data can be confusing or […]