Puerto Rico needs a repeal of the Jones Act, further incentives

As Puerto Rico deals with the aftermath of the hurricane and struggles to restore its power grid, much of its economy – including the well-developed pharmaceutical industry – faces an uncertain future. Steven C. Kyle, an expert in macroeconomics and government policy in the U.S. and in low-income countries, says that while a new power […]

Economic indicators can’t capture Hurricane Harvey damage

CORNELL UNIVERSITY MEDIA RELATIONS OFFICE Aug. 28, 2017   Economic indicators can’t capture Hurricane Harvey damage Cornell University economist Steven C. Kyle, an expert in macroeconomics and government policy, says economic indicators are ill-equipped to calculate the economic damage caused by natural disasters such as Hurricane Harvey – which is expected to drift back into […]