Where is Minnesota's Economy Going?
Event Sponsors
Date and Time
Monday Jan 12, 2015
11:30 AM - 1:30 PM CST
Date: Monday, January 12, 2015
Time: 11:30 am - Registration
12:00 pm - Luncheon
12:30 - 1:30 pm - Program
Location
9960 Wayzata Blvd, Minnetonka, MN (952/544-4400)
(Located on the north frontage road of I-394 between Hwy 169 & Hopkins Crossroad – directly across from the ACEC/MN office)
Fees/Admission
Cost: $40 for ACEC/MN members
$80 for non-members
Description
Our speaker will discuss the role of public and private investments and its effect on driving our economy. Synopsis; The theory of economic growth tells us that greater capital not only grows economies but also wages, particularly when capital rises at a faster rate than employment. We begin with a history of employment, wages and output in Minnesota during and after the Great Recession. We then consider two kinds of investment: Investment in equipment and structures for private firms and investment in public infrastructure. How does this cause our growth rate to change in Minnesota? We conclude with a projection of investment for 2015 and the implication for growth of the Minnesota economy.
Presenter: Professor King Banaian is a professor in the Department of Economics at St. Cloud State University. He is currently serving as interim dean of the School of Public Affairs Research Institute at SCSU. He holds a Ph.D. in economics from the Claremont Graduate School. He has consulted at central banks and ministries of finance on 3 continents since 1993. His academic fields of expertise are monetary policy and political economy. He is a senior fellow at the Center of the American Experiment. King was state representative in the Minnesota House for District 15B, 2011-13. He is also host of the King Banaian Show on Business1570 KYCR broadcast in Minneapolis, and co-author of the St. Cloud Quarterly Business Report.