Wednesday, June 19, 2019
Hawai'i Free Press

Current Articles | Archives

Tuesday, November 13, 2018
Hawaii rank goes up, but not its economic freedom
By Grassroot Institute @ 4:31 PM :: 1626 Views :: Economy, Hawaii Statistics

Hawaii rank goes up, but not its economic freedom

The Economic Freedom of North America 2018 outlines Hawaii's statistical paradox 

From Grassroot Institute

HONOLULU, Nov. 13, 2018 >> Hawaii moved up a surprising eight notches this year in a national ranking measuring economic freedom in all 50 states, from 45 in 2017 to 37.

That was the finding of the “Economic Freedom of North America 2018” report, released today by the Grassroot Institute of Hawaii, in conjunction with Canada’s Fraser Institute and Mexico’s Caminos de la Libertad.

The good news was dampened, however, by the fact that economic freedom did not actually increase in Hawaii during the latest annual measurement period; instead, it worsened, but not as badly as in certain other states.

Keli‘i Akina, Ph.D., president of the Grassroot Institute of Hawaii, said, “It’s a happy day that Hawaii, for a change, is not scraping along the bottom anymore in this annual index of economic freedom. The sad truth is that economic freedom in Hawaii actually deteriorated, and its score only improved because it is based on a relative measurement.”

This year’s economic freedom index is based on data from 2016 and does not reflect any legislative changes in 2017 or 2018. On a 10-point scale, with 10 being the most free, Hawaii’s index score for economic freedom for 2018 dropped from 6.3 in 2017 to 5.48.

Hawaii scored worst in the nation for sales tax revenues because of its general excise tax. Its score declined from 0.06 in 2017 to 0.00. It also tied for 49th with Minnesota for “Top Marginal Income Tax Rate.” Increases in minimum wage laws and union presence lowered Hawaii’s score for “Labor Market Freedom” to 44th, from 29th in 2017.

Though Hawaii has low property tax rates, its score for “Property Tax and Other Taxes as a Percentage of Income” declined from 8.7 in last year’s index to 6.93.

High taxes, high government spending and burdensome regulation were major reasons economic freedom in the state continued to decline; they also contributed heavily to the state’s high cost of living.

Akina added, “The good news is that the annual Economic Freedom of North America index provides a road map to freedom and prosperity. It’s all there in the index: Trim government regulations, reduce our infamous tax burden, expand labor market freedom, and more.”

According to the report, Florida ranked as having the greatest amount of economic freedom in 2018, followed by New Hampshire, Texas, Tennessee and South Dakota.

For the fourth year in a row, New York was ranked the least economically free, beating out Kentucky, 49th; West Virginia, 48th; California, 47th; and Alaska, 46th. Taking over from Hawaii at 45th was Oregon, which in 2017 ranked 40th.

In the states with the most economic freedom in 2016, average per capita income was 7.3 per cent above the national average, compared with roughly 10.5 per cent below the national average in states with the least economic freedom.

“The evidence is clear: Lower levels of economic freedom lead to less prosperity, slower economic growth, less investment and fewer jobs and opportunities,” said Dean Stansel, economics professor at Southern Methodist University, who helped write the report, along with José Torra, the head of research at the Mexico City-based Caminos de la Libertad, and Fred McMahon, the Dr. Michael A. Walker Research Chair in Economic Freedom at the Fraser Institute.

A full copy of “Economic Freedom of North American 2018” can be downloaded here, or read it at fraserinstitute.org/economic-freedom.

For more information on the EFNA Network, datasets and previous” Economic Freedom of North America” reports, visit www.fraserinstitute.org/economic-freedom.

###

 

 

Links

TEXT "follow HawaiiFreePress" to 40404

Register to Vote

2aHawaii

808 Silent Majority

808 State Update AM940

ABCDEFG Blog

ACA Signups Hawaii

ACCE

Affordable Hawaii Coalition

ALEC

Alliance Defending Freedom

Aloha Conservative Alliance

Aloha Life Advocates

Aloha Pregnancy Care Center

American Council of Trustees and Alumni

American Mothers of Hawaii

AMVETS-Hawaii

AntiPlanner

Antonio Gramsci Reading List

A Place for Women in Waipio

Audit The Rail

Ballotpedia Hawaii

Better Hawaii 

Blaisdell Memorial Project

Broken Trust

CAFR Hawaii

Castaway Conservative

Children's Alliance Hawaii

Children's Rights Institute

Christian Homeschoolers of Hawaii

Citizens for Recall

Cliff Slater's Second Opinion

Coffee Break

Conservative Forum for Hawaii

CSIS Pacific Forum

DAR Hawaii

DeedySupport.com

DVids Hawaii

E Hana Kakou Kelii Akina

E Māua Ola i Moku o Keawe

Farmers For Choice Hawaii

FIRE

Fix Oahu!

Follow the Money Hawaii

Frank in Hawaii

Front Page Magazine

Frontline: The Fixers

Genetic Literacy Project

Get Off Your Butts!

God, Freedom, America

Grassroot Institute

Habele.org

Hawaii Aganst Assisted Suicide

Hawaii Aquarium Fish Report

Hawaii Aviation Preservation Society

Hawaii Catholic TV

Hawaii Christian Coalition

Hawaii Cigar Association

Hawaii Coalition Against Legalized Gambling

Hawaii ConCon Info

Hawaii Credit Union Watch

Hawaii Crime Victims' Rights

Hawaii Crop Improvement Association

Hawaii Debt Clock

Hawaii Defending Marriage

Hawaii Defense Foundation

Hawaii Families for Educational Choice

Hawaii Family Advocates

Hawaii Family Forum

Hawaii Farmers and Ranchers United

Hawaii Farmer's Daughter

Hawaii Federalist Society

Hawaii Federation of Republican Women

Hawaii Firearm Community

Hawaii Fishermen's Alliance

Hawaii Future Project

Hawaii Gathering of Eagles

Hawaii History Blog

Hawaii Homeschool Association

Hawaii Jihadi Trial

Hawaii March for Life

Hawaii Meth Project

Hawaii's Partnership for Appropriate & Compassionate Care

Hawaii Public Charter School Network

Hawaii Rifle Association

Hawaii Right to Life -- Big Island

Hawaii Right to Life -- Oahu

Hawaii Shield Law Coalition

Hawaii Shippers Council

Hawaii Smokers Alliance

Hawaii State Data Lab

Hawaii Together

Heritage Foundation

HI Coalition Against Legalized Gambling

HIEC.Coop 

HiFiCo

Hiram Fong Papers

Homeschool Legal Defense Hawaii

Honolulu Homeless Crisis

Honolulu Navy League

Honolulu Traffic

Horns of Jericho Blog

House Minority Blog

House Republican Caucus YouTube

HPACC

Hump Day Report

I Vote Hawaii

If Hawaii News

Inouye-Kwock, NYT 1992

Inside the Nature Conservancy

Inverse Condemnation

Investigative Project on Terrorism

Iowa Meets Maui

Jackson v Abercrombie

Jihad Watch

Judgepedia Hawaii

July 4 in Hawaii

Kahle v New Hope

Kakaako Cares

Kau TEA Party

Kauai Co GOP

Keep Hawaii's Heroes

KeyWiki

Land and Power in Hawaii

Legislative Committee Analysis Tool

Lessons in Firearm Education

Lingle Years

Malulani Foundation

Managed Care Matters -- Hawaii

Malama Pregnancy Center of Maui

Mauna Kea Recreational Users Group

MentalIllnessPolicy.org

Middle East Forum--The Legal Project

Mililani Conservatives for Change

Military Home Educators' Network Oahu

Missile Defense Advocacy

MIS Veterans Hawaii

Muslim Brotherhood in America

NAMI Hawaii

NARTH

Natatorium.org

National Christian Foundation Hawaii

National Parents Org Hawaii

National Wind Watch

New Zeal

NFIB Hawaii News

No GMO Means No Aloha

Northwest Economic Policy Seminar

Not Dead Yet, Hawaii

Now What I Really Think

NRA-ILA Hawaii

Oahu Alternative Transport

ObamaCare Abortion Hawaii

Obookiah

OHA Lies

Opt Out Today

OurFutureHawaii.com

Pacific Aviation Museum

Patients Rights Council Hawaii

PEACE Hawaii

People vs Machine

Pritchett Cartoons 

Pro-GMO Hawaii

P.U.E.O.

RailRipoff.com

Rental by Owner Awareness Assn

Republican Party -- Hawaii State

Research Institute for Hawaii USA

Rick Hamada Show

RJ Rummel

Robotics Organizing Committee

Salvage The Rail

Save the Plastic Bag

School Choice in Hawaii

SenatorFong.com

SIFE Remington

SIFE W. Oahu 

Sink the Jones Act

Smart About Marijuana--Hawaii

St Marianne Cope

State Budget Solutions Hawaii

State Policy Network

Statehood for Guam

Tax Foundation of Hawaii

The Harriet Tubman Agenda

The Long War Journal

The Real Hanabusa

Time Out Honolulu

Truth About Trade & Technology - Hawaii

UCC Truths

Union Members Know Your Rights

US Tax Foundation Hawaii Info

Valor in the Pacific

VAREP Honolulu

Waagey.org

West Maui Taxpayers Association

What Natalie Thinks

Whole Life Hawaii

Yes2TMT