A forum for information and analysis on the Arkansas economy

Dr. Michael Pakko

The host and moderator for the Arkansas Economist is Dr. Michael R. Pakko, Chief Economist and State Economic Forecaster at the Institute for Economic Advancement at the University of Arkansas at Little Rock.  Pakko received his B.A. from Michigan State University in 1984 and a PhD from the University of Rochester in 1994.

Dr. Pakko imageFrom 1993 until 2009, Dr. Pakko was a research economist at the Federal Reserve Bank of St. Louis, where he published research on a variety of topics, including international trade, economic growth, macroeconomics, and public policy.   From 2006 until 2009 Pakko served as the “Little Rock Zone Expert” at the St. Louis Fed–monitoring and reporting on economic conditions in the state of Arkansas.

When taking a break from writing for the Arkansas Economist and organizing the Arkansas Economic Forecast Conference, Pakko delves into home-improvement projects and enjoys camping, fishing and tending to his overgrown yard.

Curriculum Vita

Arkansas Economic Forecast Conference – Nov. 10th, 2022


Mark your calendar to join the Little Rock Branch of the Federal Reserve Bank of St. Louis, in partnership with the Arkansas Economic Development Institute, for the 2022 Arkansas Economic Forecast Conference.
Date: Thurs., Nov. 10, 2022
Time: 7:30 – 9:30 a.m.

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Special Reports: Impact of Covid-19 on the Arkansas Economy

Arkansas Consumer Spending in 2020
One of the most significant and unexpected features of the Arkansas economy during the COVID-19 pandemic has been the robust behavior of consumer spending…
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Leisure and Hospitality Industries in Arkansas–2020
Of all the sectors of the economy hat have been disrupted by the COVID-19 pandemic, industries in the Leisure and Hospitality category have been among the hardest-hit…
Read more…

Forecast Update (July)
“Incoming data have continued to show a more rapid recovery from the COVID-19 shutdowns than previously expected.”
Read more…

Forecast Update (June)
Information since May has suggested that Arkansas has not been as severely impacted as other parts of the country, and that the sharp declines in national employment have abated.
Read more…

Forecast Update (May)
“The economic impact of the COVID-19 pandemic continues to be more rapid and more severe than initially expected… In this updated report we present new projections for the Arkansas economy.”
Read more…

Forecast Update (April)
“In this note we update that forecast with new estimates of the magnitude of the downturn. We also update and extend our previous guidance on how the forecast is likely to impact sales tax receipts of local governments.”
Read more …

Implications for Local Government Sales Tax Collections
“In this note, we focus on consumer spending and the outlook for sales tax collections by county and municipal governments.” Read more…

Arkansas Economic Outlook (March)
“It appears that a dramatic downturn in economic activity over the remainder of 2020 is unavoidable for the nation and for Arkansas.”  Read more…


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