Carl Nathe

By

College: Business and Economics

UK's CBER Releases Report on State's Economy

Published: Feb 11, 2014

LEXINGTON, Ky. (Feb. 11, 2014) The Center for Business and Economic Research (CBER) at the University of Kentucky released its 42nd Kentucky Annual Economic Report today. CBER Director Chris Bollinger, who authored the report's 2014 Kentucky economic forecast, said he is "generally optimistic about the state's economic prospects this year.

 

“Recovery from the so-called Great Recession has been frustratingly slow because of its depth and length,” said Bollinger. “The future course of Kentucky’s economy will depend in large part on businesses and consumers becoming comfortable with the certainty of the recovery. We expect this comfort level to increase as growth gathers steam and the unemployment rate continues to drop.”

 

He is forecasting a 2 percent increase in Kentucky’s gross domestic product and a decline of the unemployment rate to 6.5 percent, which is more or less on par with his expectations for the U.S. economy this year.

 

The Kentucky Annual Economic Report is one of the many ways CBER — the applied economic research branch of UK's Gatton College of Business and Economics — fulfills its mandated mission as specified in the Kentucky Revised Statutes to examine various aspects of the Kentucky economy. CBER performs research projects for federal, state, and local government agencies, as well as for private-sector clients nationwide.

 

“The Annual Economic Report contains a vast amount of information about the state’s economy that can be used by policymakers as well as citizens to become better informed on economic issues,” said Gatton College Dean David Blackwell.

 

In addition to the 2014 Kentucky economic forecast, the report covers a variety of issues including a comprehensive presentation of economic, income security, education, innovation, health, environmental, energy, infrastructure, community, public finance, and population factors affecting Kentucky’s future economic prosperity.

 

 "The Annual Report will appeal to a broad spectrum of individuals — from business leaders to concerned citizens.” Said Bollinger, who in addition to being director of CBER is also a Gatton Endowed Professor of Economics.

  

More than 100 trends, forces and factors affecting Kentucky’s economy are presented in the report. This includes, but is not limited to, data and information about how Kentucky high school students perform on advanced placement exams compared to students in other states, whether there are more people at risk for chronic disease in Kentucky compared to the U.S. and neighboring states, how the income distribution has changed over the last three decades in Kentucky compared to the U.S., the level of entrepreneurial activity in Kentucky compared to other states, and detailed information about factors affecting state taxes and revenue — which affects the provision of public services from health care to public safety to education.

 

The breadth of the annual report reflects the diversity of the collaborators who worked with CBER to produce it — including the Innovation Network for Entrepreneurial Thinking or iNET, which is organized and staffed by the College of Communication and Information, and the Von Allmen Center for Entrepreneurship, which is part of the Gatton College of Business and Economics.

 

According to Bollinger, “We have produced an Annual Report that paints a diverse and complicated picture of our state’s economy, its communities, and its citizens. Despite the constant change confronting us, there are timeless and enduring lessons. Pursuing educational excellence as well as economic innovation — since ideas, innovation, and intellectual capital form the foundation of the knowledge economy — is essential for Kentucky to improve its per capita income and achieve broad prosperity.”

 

Digital copies of the Center for Business and Economic Research 2014 Annual Economic Report can be obtained at the CBER Web site at http://cber.uky.edu or by calling 859-257-7675 or sending email to cber@uky.edu.

 

  

 

MEDIA CONTACTS: Carl Nathe, 859-257-3200; Michele Sparks, 859-257-0040.

 

economy1.jpg
September
 
1
Employee Educational Assistance Award
Labor Day - Academic Holiday
Mon
2
Employee Educational Assistance Award
Internship Info Session
Student/Faculty/Staff Mixer
Tue
3
Employee Educational Assistance Award
LNFS Presents: The Wolf of Wall Street
Last Day to Add a Class
Last Day to Drop a Course with 80% Refund
UK Volunteer Fair
Wed
4
LNFS Presents: Children of Men
LNFS Presents: How To Train Your Dragon 2
Black and Latino Male Initiative
Advance Your Swagger: A Night with Fonzworth Bentely
Thu
5
Kentucky Volleyball vs. Northern Iowa
Kentucky Volleyball vs. USC
LNFS Presents: Spirited Away
LNFS Presents: Mulan
Fri
6
Free Saturday Swing Dance Lessons
Kentucky Football vs. Ohio
Kentucky Volleyball vs. Creighton
Lets Swing Dance!
Sat
7
Kentucky Women's Soccer vs. Morehead State
Sun
8
Diversity Organization's Council
Kosher/Soul? (Jewish, African American & Appalachian culture Fuse)
Mon
9
Rock Star Professionalism Series
Tue
10
Massage on the Go
College: Do the Right Thing- A conversation with Dr. Smith
LNFS Presents: Fight Club
Wed
11
LNFS Presents: Mr & Mrs Smith
LNFS Presents: 22 Jump Street
Thu
12
LNFS Presents: Searching For Sugarman
LNFS Presents: Sin City
Fri
13
Free Saturday Swing Dance Lessons
Men's Soccer vs. ETSU
Sat
14
Kentucky Women's Soccer vs. Pepperdine
Sun
15
Kentucky Week Farmer's MarCat and Craft Fair
Majestic U.N.I.T.Y.
Mon
16
Justice Delayed not Justice Denied: A Talk with Dough Jones
PRHBTN Gallery Reception and Concert
Men's Soccer vs. Xavier
Big Blue Commonwealth
Tue
17
Internship Info Session
Last Day to Drop a Course Without Appearing on Transcript
Caregiver Support Group
LNFS Presents: The Immigrant
Wed
18
LNFS Presents: Watermark
LNFS Presents: X-Men: Days of Future Past
Kentucky Volleyball vs. Lipscomb
Thu
19
LNFS Presents: A Band Called Death
LNFS Presents: Prisoners
Men's Soccer vs. Furman
Fri
20
Rock Climbing @ Red River Gorge
College of Pharmacy Open House
Kentucky Volleyball vs. Xavier
Sat
21
 
Sun
22
Kentucky Law Schools Forum
Mon
23
Pinterest Party
Employer Showcase
Men's Soccer vs. Lousville
Tue
24
Employer Showcase
Last Day to Drop a Course with 50% Refund
UK Elder Care Lunch & Learn
LNFS Presents: Saving Mr. Banks
Wed
25
LNFS Presents: Culture Jam
LNFS Presents: Maleficent
¡Baila!
Thu
26
LNFS Presents: Ponyo
LNFS Presents: The Little Mermaid
White Water Rafting @ Chattooga River
Women's Soccer vs. Mississippi State
Fri
27
White Water Rafting @ Chattooga River
Kentucky Football vs. Vanderbilt
Free Saturday Swing Dance Lessons
Sat
28
White Water Rafting @ Chattooga River
Dirty Dancing Trip
Kentucky Women's Soccer vs. Auburn
Sun
29
 
Mon
30
#TrendingTopics: Immigration Reform
Tue
 
 
 
 
Sep 02
Internship Info Session 09/02/2014
Reset Page