School of Economics

Media report on UMaine, Maine Brewers’ Guild study on craft beer industry

The Portland Press Herald, Maine Public and Mainebiz reported on a new study released by the Maine Brewers’ Guild and conducted by the University of Maine School of Economics. The report is projecting growth of nearly 40 percent next year as the number of Maine’s craft brewers continues to increase, according to Maine Public. Maine […]

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Maine Public reports on UMaine, AARP Maine study on retirement savings

Maine Public reported a new University of Maine study commissioned by AARP Maine suggests that as more people retire, inadequate personal savings means taxpayers will have to take on more of the burden. According to the research conducted by Philip Trostel, an economics and public policy professor at the UMaine School of Economics and Margaret […]

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UMaine, AARP Maine release report on fiscal impact of insufficient retirement savings

New research by the University of Maine commissioned by AARP Maine reveals the fiscal impact of inadequate retirement savings in the state. “The Fiscal Implications of Inadequate Saving for Retirement” report shows that an aging Maine workforce moving into retirement is increasingly reliant on public assistance, signaling a trend that could have important fiscal implications […]

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Seatrade Cruise News cites UMaine study on passenger spending

A University of Maine School of Economics study on cruise passenger spending was cited in a “Seatrade Cruise News” article. In Bar Harbor, cruise passenger spending had an estimated economic impact of $20.2 million in 2016, according to the study based on 2,231 mail surveys completed by visitors associated with 31 ship ports over 24 […]

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Gabe’s Waterfront Concerts study cited in BDN article on contract negotiations

A 2014 study by University of Maine economics professor Todd Gabe was cited in a Bangor Daily News article about contract negotiations between the city and the company that manages Darling’s Waterfront Pavilion. The city has been negotiating what at first was described as a 10-year contract with Waterfront Concerts, according to the article. Gabe’s […]

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Chronicle of Higher Education publishes piece on college earnings by Trostel

Philip Trostel, a professor of economics and public policy at the University of Maine, wrote an article for The Chronicle of Higher Education titled, “Beyond the college earnings premium. Way beyond.” “Despite the rising cost, a college education is still practically a windfall-profit investment for most graduates,” Trostel wrote. “In 2012, Americans with bachelor’s degrees […]

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aquaculture report news feather boat ocean sunset

When aquaculture grows, so does its economic impact

Farming of finfish, shellfish and plants in fresh and saltwater is the fastest-growing food production sector in the world and it’s growing in Maine, too. From 2007 to 2014, the total economic impact of aquaculture in Maine — including sales revenue, full- and part-time jobs and labor income — nearly tripled from $50 million to […]

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UPI reports on Waring’s theory of sustainability

United Press International wrote about University of Maine economist Timothy Waring’s work to develop a theory of sustainability, including which combination of sociopolitical factors and institutions are most likely to encourage sustainable resource management. Cooperation within social groups may be key, Waring says. “We found that sustainable use of resources emerged more when societies were […]

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blueberry field

Social groups key to preserving natural resources

Cooperation may be the key to successful sustainability, says Timothy Waring, an associate professor in the School of Economics and the Senator George J. Mitchell Center for Sustainability Solutions. Waring is working toward a ‘theory of sustainability’ and is seeking to discover what makes sustainability possible. He’s asking the question: when, and how, do sustainable […]

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