Bengte Evenson, PhD Associate Director

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Bengte Evenson, PhD Associate Director Robert
Potts, MBA Assistant Director Center for
Business and Economic Research University of
Nevada, Las Vegas AUBER October 10, 2005
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LOW COST HIGH REWARD

• Political points
• Fulfills legislative
• mandate
• Community points
• Useful to all types of
• businesses
• University points
• Large distribution list
• Media attention

• No new data collection,
• only new presentation
• Promotion through other
• Center activities
• - Outlook, Web site
• Distribution through
• - E-mail, fax, and
• Web site

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CONSTRUCTION

• Determining a business-cycle proxy for our
  economy
• Component series criteria
• Economic importance Unique Nevada
• Statistical adequacy Quality
• Timing Lead, coincide, lag
• Fit Conformity to cyclical variations
• Availability Release dates
• Local vs. national data

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UNIQUE NEVADA

• Two major industries
• Tourism/Gaming
• Construction
• Watch industries and industry leaders
• Gross gaming revenues
• Visitor volume
• Conventions held attendance
• Air passengers enplaned/deplaned
• Sales of gasoline (gallons)
• Taxable sales

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UNIQUE NEVADA

• Watch industries and industry leaders
  (continued)
• Residential building units permitted
• Residential building units valuation
• Commercial building units permitted
• Commercial building units valuation
• Leads into other popular indexes
• Tourism Index
• Construction Index
• Business-Activity Index

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(No Transcript)
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REGULAR MAINTENANCE

• Monthly
• Updating data series
• Adjusting data series
• Updating distribution lists
• Updating Web site
• Annually
• Re-evaluating local fit
• New weights, if needed
• New series, if needed

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• Available Papers
• Southern Nevada Index of Leading Economic
  Indicators (1995)
• The Southern Nevada Index of Leading Indicators
  A Good Performance in 1995 (1995)
• Using a Regional Index of Leading Economic
  Indicators to Revise Employment Data (1997)
• Contact Info
• bengte_at_nevada.edu
• potts_at_nevada.edu
• http//cber.unlv.edu