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A Tentative Recovery, Eric Thompson, University Of Nebraska-Lincoln
A Tentative Recovery, Eric Thompson, University Of Nebraska-Lincoln
Business in Nebraska
U.S. Macroeconomic Outlook
The U.S. economy is persevering in its transition to a self-sustaining recovery fueled by private consumer spending and business investment. But, that transition is tenuous, with factors both encouraging and discouraging growth. Among factors encouraging growth, consumer spending and business investment continue to expand, supported by rising wage income and profits. As is typical in an economic recovery, profits have rebounded as businesses which cut costs during the recession are benefiting from rising revenue. The labor market also has begun to recover. While gains have been limited, the U.S. economy has added private sector jobs over the …
Entrepreneurship In Nebraska, Steve Carlson, Eric Thompson, Hanna Hartman, William Walstad
Entrepreneurship In Nebraska, Steve Carlson, Eric Thompson, Hanna Hartman, William Walstad
Business in Nebraska
Introduction
Entrepreneurship can be an important process in stimulating economic growth. While it is not the sole determinant of economic prosperity, it can be a way for a state such as Nebraska to outperform other states. In Entrepreneurship in Nebraska: Conditions, Attitudes, and Actions, Eric C. Thompson and William B. Walstad developed an entrepreneurship index that acts as a benchmark to compare Nebraska with the other forty-nine states. The index in their publication was constructed using 2005 data. The latest data available needed to calculate this index now exists for 2008. In this report, we use the method developed …
Return To Growth, Eric Thompson, University Of Nebraska-Lincoln
Return To Growth, Eric Thompson, University Of Nebraska-Lincoln
Business in Nebraska
U.S. Macroeconomic Outlook
After 18 months of decline, the United States economy returned to growth in mid-2009. Growth was tepid at first, with U.S. gross domestic product rising by just 2.2% in the 3rd quarter. But, growth was much more rapid in the 4th quarter, portending a solid recovery in 2010 and 2011. Economic expansion will be broad-based, with both household consumption and business investment rising, and employment increasing in most industries. The reasons for recovery are typical of other recoveries. Initially, the recovery is powered pent-up consumer demand among households who have retained spending power. Later, there …