The Kenan Institute of Private Enterprise and Duke University have announced the selection of the 2020 Keohane Distinguished Visiting Professorship recipients.
Over the last two decades, public and private equity markets have changed dramatically. For instance, the total number of publicly listed firms decreased from more than 7500 in 1997 to approximately 3500 in 2018. This precipitous decline can be attributed to a corresponding sharp drop in the number of IPOs.
As part of the “Emerging Models in Affordable Housing” breakout session at the Investing in Affordable Housing Symposium, University City's Aaron Lubek and Domos Co-Living's Derrick Barker shared insights on new ideas circulating among communities.
Where can a UNC Kenan-Flagler MBA student supplement classroom training with hands-on leadership and a year-long research project on a critical, real-world business issue with the guidance of the school’s distinguished faculty? Whether the subject of study is infrastructure investing, nuclear energy generation, socioeconomic disparities or venture capital funding, the Kenan Scholars program is the best venue for such an experience.
A panel of experts convened by UNC Kenan-Flagler Business School and its affiliated Kenan Institute of Private Enterprise will be offering a press briefing via webinar examining the origins of innovation and how UNC and its affiliated programs are helping systems and individuals cope with the current crisis. Join Tuesday, April 7, at 11 a.m. EDT.
Using a sample of the 48 contiguous United States, we consider the problem of forecasting state and local governments’ revenues and expenditures in real time using models that feature mixed-frequency data. We find that single-equation mixeddata sampling (MIDAS) regressions that predict low-frequency fiscal outcomes using high-frequency economic data historically outperform both traditional fiscal forecasting models and theoretically motivated multi-equation models.
In response to the economic chaos caused by the COVID-19 pandemic, the federal government launched its largest fiscal stimulus in modern history—the CARES Act. But with $2 trillion invested in small businesses, unemployment benefits and direct cash payments to households, the CARES Act has still fallen short of its goals to spur consumer spending and restore employment. This Kenan Insight analyzes what went wrong, and offers suggestions for the anticipated next round of federal economic aid.
Battered by the COVID-19 pandemic, the precipitous drop in the economy and continuing racial justice protests, American colleges and universities are facing their most challenging period ever as they head into the fall semester. In this Kenan Insight, we explore what the long-term impact of such forces will be on higher education, and what policy and strategic actions might help mitigate the damage.
The Tax Cuts and Jobs Act of 2017 established a new program called “Opportunity Zones” that created tax advantages for investment locating in Census tracts with relatively low income or high poverty. Importantly, only 25% of eligible tracts in each state could be designated as an Opportunity Zone. We use detailed establishment-level data and a difference-in-difference (DiD) approach to identify the designation of a tract as an Opportunity Zone on job creation.
In our previous Kenan Insight, we outlined the major findings in our recent report, Seven Forces Reshaping the Economy. This week, we explore how the COVID-19 pandemic has upended education and childcare, ushering in changes to both that will last far beyond the current crisis.
As a second wave of COVID-19 cases makes its way around the world, the danger to the U.S. economy is clear. In this Kenan Insight, we examine the potentially damaging effects of the ongoing pandemic on an already battered workforce, and make the case for why Congress must act quickly to ensure economic stability.
As we approach the one-year mark of state-issued stay-at-home orders, the short- and long-term impact of the global COVID-19 pandemic on state coffers is still being assessed. With businesses forced to close and unemployment at near-record levels, state policymakers are scrambling to find ways to make up for lost tax revenue. In this Kenan Insight, we look at both the challenges and opportunities for balancing state budgets in light of this new economic reality.
A survey of 39 accounting academics conducted by UNC Tax Center Research Director Jeff Hoopes was featured in the Oct. 28 New York Times DealBook Newsletter. In the survey, Hoopes asked respondents if they would support Senator Elizabeth Warren's Real Corporate Profits Tax.
Could new legislation help drive the development of local tech clusters – and the growth of corresponding economic power and development – beyond Silicon Valley? In this week’s Kenan Insight, our experts explore the gravitational pull of Big Tech along with what it could mean if startups across the U.S. were better able to remain and grow in the communities where they launch.
As The Wall Street Journal reported this week, Congress is gearing up for a potential showdown with the largest tech companies in the U.S. And with a bipartisan group of representatives pushing for legislation that would dismantle the monopoly power of Big Tech, this week's Kenan Insight revisits research on how regulating Amazon, Apple and others may be key to reviving the economies of America’s held-back cities and regions.
2020 brought an end to North Carolina’s decade-long economic expansion that began in 2010 after the Great Recession. It has now been a year since COVID-19 arrived on U.S. shores, and we can see some changes clearly, while others are just starting to emerge from the haze. It will likely be years before we fully grasp the myriad ways COVID-19 has affected the nation’s and the state’s economies. Now seems like a good time to take stock of the fallout from 2020, the trends we’re seeing a year into the crisis and where things are starting to turn around for North Carolina.
Firms continue to strive for greater representation on corporate boards. One California law, attempting to mandate such greater representation, has encountered a recent setback. Two experts discuss obstacles to more diverse corporate leadership and offer approaches for surmounting them.
Healthcare. While H.B. 149 has gotten significant media coverage related to the Medicaid expansion component, the bill includes several significant changes that will impact state health policy and the business of health in North Carolina. H.B. 149 is composed of five sections: Medicaid expansion, work requirements for certain beneficiaries, certificate of need reform, modernization of nursing regulations, and health insurance reforms.