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Kern Economic Journal

The Kern Economic Journal is a quarterly publication (February, May, August, and November). Its purpose is to track and analyze economic trends that affect the well-being of Kern County. In doing so, the journal provides primary data on consumer confidence and business outlook as well as secondary data on a wide range of economic indicators. These data help the community make more informed decisions. Sources of funding for the journal include university contributions and sponsorship fees.

Economy at a Glance

The world’s largest economy of more than $16.3 trillion, the United States, grew by 0.2 percent, but at a much slower rate than the real Gross Domestic Product (GDP) growth rate from the fourth quarter of 2014, where real GDP grew by 2.2 percent. Real GDP increased largely because of increases in consumer spending and inventory investment by the non-durable goods manufacturing industry. However, the growth rate was slower than in previous quarters because of a widening trade deficit (indicating a decline in exports), a decline in business investment (largely from declines in mining and oil exploration), and declines in state and local government spending.

Tracking Kern's Economy

To be consistent with data on local area personal income published by the United States Bureau of Economic Analysis, we revised our estimation for Kern County’s personal income. We calculated personal income as the sum of wages and salaries, self-employment income, rental income, property income, business profit, dividends, interest income, rental income, and personal and business transfer payments. Next, we upgraded our base period for adjustment of inflation from 1996 to 2012.

Econ Brief

Obesity is, both literally and figuratively, a growing problem, both in the United States and around the world. In the United States, more than one-third of all U.S. adults are obese; a trend that has been happening since the 1960’s. Even though obesity rates are lower in continental Europe, they are still showing similar growth patterns. In France, since 1990, there has been a doubling in the fraction of adults who are obese. Similar trends can be found in Denmark, Finland, Spain, and the UK.1

Featured Article

Sustainability, for all of its blossoming academic research sprouts and radiant business strategy sunlight, can be gleaned by a simple sentence from the visionary Scottish novelist Robert Louis Stevenson:
“Don't judge each day by the harvest you reap but by the seeds that you plant.”



Kern Economic Journal

2015 1st Quarter

Publishers and Managing Editors

Thank you to Dr. Abbas Grammy, Founder of KEJ, for the contributions he has made to CSUB and the Kern County Community through KEJ. For more information on Dr. Grammy, please visit the link below.

KEJ Founder

__________________

Richard Gearhart

(661)654-3962
rgearhart1@csub.edu
BDC 257A

Nyakundi Michieka

(661)654-2465
nmichieka@csub.edu
BDC 259A

California State University, Bakersfield
9001 Stockdale Hwy
Bakersfield, Ca 93311