Research Economist, Kenan Institute of Private Enterprise; Assistant Research Professor, UNC Kenan-Flagler Business School
This intellectual approach takes an unorthodox view of the nature of government taxation and expenditure, arguing (among other things) that a sovereign nation that can spend, tax and borrow in its own currency faces very different constraints than often modeled in traditional economics textbooks.
The COVID-19 pandemic has put 18 million jobs at small businesses in the U.S. at risk – which could as much as quadruple the nation’s total unemployment rate. The effects of both the coronavirus and recent government relief programs were explored by a panel of Kenan Institute-convened experts during a press briefing held yesterday. The full recording of this briefing—along with a deeper-dive analysis on the specific implications of the financial downturn on small business employment by Kenan Institute Research Director Professor Christian Lundblad and UNC Kenan-Flagler Business School Professor Paige Ouimet—is available in this week’s Kenan Insight.
Unemployment insurance has been a lifeline for millions of Americans who have found themselves out of work in the wake of the economic shutdown triggered by the COVID-19 pandemic. But with federal, state and local government coffers strained, the time has come for short-time compensation (STC) and partial unemployment insurance programs to receive a closer look. In this Kenan Insight, we explore how these little-known initiatives can benefit both employees and employers and provide relief to an ailing U.S. economy.
Twice each year, NCGrowth showcases its clients, recent projects and upcoming work in a unique place. On Dec. 13, the North Carolina Zoo in Asheboro hosted the event. Attendees learned about Asheboro, Randolph County and the broader Triad economy, and recent NCGrowth projects – and got to visit with some of the zoo’s animal inhabitants.
Monte-Carlo Integration is ubiquitous in science, engineering, finance and many other disciplines. It is well-known that quantum computing can achieve a quadratic advantage in Monte-Carlo Integration by using as a subroutine Quantum Amplitude Estimation (QAE), which is essentially a generalization of Grover Search — one of the oldest and most famous quantum algorithms. However, until recently this advantage was merely theoretical, in practice substantial overheads (associated with the need to perform arithmetic operations on the quantum computer) rendered Quantum Monte Carlo integration (QMCI) NISQ-infeasible.
Research from UNC Kenan-Flagler Business School Assistant Professor of Finance Abhinav Gupta demonstrates how a seemingly small change in the green-card application process holds tremendous significance for millions in the tech industry, made even more relevant by the sector’s current slowdown.
The third annual invitation-only Frontiers of Entrepreneurship conference, hosted by the Frank Hawkins Kenan Institute of Private Enterprise and its affiliated Entrepreneurship Center, will gather a highly curated group of 150 leaders from academia, industry and government to discuss leading-edge research on private business ventures and explore ways to sustain and advance entrepreneurship.
How the U.S. is experiencing inflation shows considerable variation from place to place.
assistance in the immediate aftermath of this extreme weather event, we document the role net migration played in recent population growth—a crucial issue in climate change policy deliberations—and outline creative strategies and investments Florida officials will have to leverage to both rebuild and create resilient communities with reputational equity that remain attractive to newcomers as well as long term residents moving forward.
Discussions at the forum, sponsored by the Kenan Institute of Private Enterprise, ranged from the federal Opportunity Zones program to making the transition from angel to institutional investing.
Daniel (1972) and Gail Rubinfeld Professor and Margaret MacVicar Faculty Fellow, MIT, and 2024 Kenan Institute Distinguished Fellow
On Jan. 3, 2019, Bristol-Myers Squibb Co. announced its proposed acquisition of Celgene Corp. for approximately $74 billion. The Federal Trade Commission issued requests for additional information and documentary materials to the companies on March 25, 2019, that were “focused on marketed and pipeline products for the treatment of psoriasis.” In order to address the FTC’s concerns, BMS plans to divest Celgene’s Otezla (apremilast) drug, which is a phosphodiesterase-4 inhibitor indicated for the treatment of moderate to severe psoriasis and psoriatic arthritis. Psoriasis is an autoimmune disease with multiple subtypes, with large skin plaques being the most common manifestation.
Workplaces are under pressure to be more inclusive due to public demands and rapidly changing demographics in the U.S. workforce. These commitments to diversity, equity and inclusion (DEI) aren't just moral, they're crucial to business prosperity. In this Kenan Insight, we explore strategies for startups to employ and explain why starting early is key to success.
The factors that determine our health go far beyond what happens in the doctor’s office. In this Kenan Insight, we explore how the physical well-being of many Americans has been placed in jeopardy by upstream social and economic factors such as racism, food and job insecurity, and a lack of community and social support systems.
Commercial real estate (CRE) is real estate held to generate income or used as an input into production by firms. It is notably different from other asset classes of a similar magnitude in that CRE is traded in private, illiquid markets. CRE is a hugely important asset class that has received less attention from the academic literature than asset classes that rival CRE in terms of sheer value. Yet pension funds, life insurance companies, sovereign wealth funds and other institutional investors seek the diversification benefits provided by CRE’s unusually steady income flow. The paper, “Commercial Real Estate as an Asset Class,” by Andra Ghent of UNC Kenan-Flagler Business School, Walter Torous of the MIT Center for Real Estate and Rossen Valkanov of UCSD’s Rady School of Management provides a much-needed overview of the CRE literature thus far, focusing on its attributes as an asset class.
UNC Kenan-Flagler’s John Gallemore and co-authors found that, among other things, the complexity of the U.S. tax system has a disproportionately negative effect on small, domestic-owned and private firms.