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
November
 
 
 
 
 
 
1
Free Saturday Swing Dance Lessons
College of Pharmacy Open House
Iron Pour
UK Women's Choir 20th Anniversary Concert
Adventure Hiking & Rappelling @ Red River Gorge
Pickin' Time Mountain Music and Harvest Day
Purposeful Retirement: Planning Your Next Stage of Life
Diwali Dhoom 2014
Sat
2
UK Percussion Ensemble
Day Hike
Curator Tour: Take My Word For It
Sun
3
Industry Career Week: Resumes and Cover Letters
Kentucky Volleyball vs. Morehead State
Mon
4
Industry Career Week: How to Impress Your Boss in 90 Days
Rock Star Professionalism Series
UK Lab Band
Tue
5
Industry Career Week: Networking and Job Search
Social Enterprise and Innovation / Certified Nonprofit Professional Program Informational Meeting
Circle of Love Name Distribution
Appalachian Forum with Dr. Fran Ansley
Dana Harper Gallery Reception
Wed
6
Career Assessment Workshop
LNFS Presents: Zona Sur
LNFS Presents: The Grand Budapest Hotel
UK Jazz Ensemble
Circle of Love Name Distribution
Abstract Workshop
Lauren Potter
Thu
7
LNFS Presents: V for Vendetta
Last Day to Withdraw or Reduce Course Load
Circle of Love Name Distribution
R.C. May Photography Lecture Series: Marvin Heiferman
Men's Soccer vs. Charlotte
Kentucky Volleyball vs. Georgia
Free Friday Evening Swing Dance
Fri
8
Kentucky Football vs. Georgia
Free Saturday Swing Dance Lessons
The Power of Poetry
The Lexington Lowdown and Free Lindy Hop Workshop
Swing Dance Featuring Live music by"The Metrognomes Orchestra"
Sat
9
UK Combos Concert
Kentucky Volleyball vs. Missouri
Sun
10
Circle of Love Name Distribution
Mon
11
UK Sax Ensembles
Job Club - Interviewing Strategies
Undergraduate Research Information Session
Jose Abisambra Presentation on Current Alzheimer's Research
Women of the World: Judy Smith
Tue
12
Internship Info Session
LNFS Presents: Reservoir Dogs
Refugee Life in America
#UKEDTALKS: International Opportunities for Education Majors
Leadership Assessment
Wed
13
Career Assessment Workshop
LNFS Presents: Iron Man 3
Chili and Pie Cook-Off Supper
#TrendingTopics: Vegetarians vs. Meat-Eaters
Campus Polar Plunge to benefit Special Olympics KY
LNFS Presents: La Demora
Thu
14
LNFS Presents: Pretty in Pink
LNFS Presents: Mean Girls
Fri
15
Free Saturday Swing Dance Lessons
Sat
16
Kentucky Volleyball vs. Florida
Greek Cinematography: Critical Approach and Discussion
"Storied Streets" Documentary Showing about Experiences of Homelessness
Sun
17
The Vexillology (the study of maps) Contest
UK Rep Bands Concert
College of Agriculture, Food & Environment 2014 Celebration of Land-Grant Research
Amanda Rogers, "Black Flags, ISIS 'Swag' & Jihadi Rap: Marketing Militancy after the Arab Spring"
Stories of Homelessness: Panel Discussion
Mon
18
The Vexillology (the study of maps) Contest
A Positive Approach to Caregiving Conference
Education Abroad Open House
CatWatch Party
Appalachian Forum and Film Screening of "Up the Ridge"
Tue
19
The Vexillology (the study of maps) Contest
LNFS Presents: The Princess and the Frog
Pinterest Party
International Games Day
Global Design with Phil Duncan
Caregiver Support Group
OXFAM Social Issues Banquet
Wed
20
The Vexillology (the study of maps) Contest
Much Ado About Nothing
LNFS Presents: I Travel Because I Have To, I Come Back Because I Love You
LNFS Presents: The Big Lebowski
International Education Week Keynote Speaker: Christie Vilsack, Senior Advisor for International Education at USAID
Tobacco-free Tailgate 5 Year Anniversary
Bollywood Night
Thu
21
The Vexillology (the study of maps) Contest
Much Ado About Nothing
LNFS Presents: Water For Elephants
4th Annual Markesbery Symposium on Aging & Dementia
Freedom from Fear: On Black Childhood and Other Dangers
Bouldering @ Stone Fort
MEAT.
Fri
22
The Vexillology (the study of maps) Contest
Much Ado About Nothing
Bouldering @ Stone Fort
Free Saturday Swing Dance Lessons
Sat
23
The Vexillology (the study of maps) Contest
Much Ado About Nothing
Bouldering @ Stone Fort
UK Symphony Band and UK Concert Band
Sun
24
The Vexillology (the study of maps) Contest
Free Thanksgiving Shuttle to Blue Grass Airport
Mon
25
Free Thanksgiving Shuttle to Blue Grass Airport
Job Club - What is your money habitude?
Multicultural Student Thanksgiving Dinner
Tue
26
Thanksgiving - Academic Holidays
Free Thanksgiving Shuttle to Blue Grass Airport
Wed
27
Thanksgiving - Academic Holidays
Thu
28
Thanksgiving - Academic Holidays
Fri
29
Thanksgiving - Academic Holidays
Free Saturday Swing Dance Lessons
Kentucky Volleyball vs. Arkansas
Sat
30
 
Sun
 
 
 
 
 
 

Repeats every week until Sat Nov 29 2014 except Sat Sep 20 2014, Sat Oct 18 2014.
Sat, 11/29/2014

Sat, 11/29/2014

Mon, 12/01/2014

Tue, 12/02/2014

Reset Page