West Virginia has several different economies within the state with different characteristics and components, and West Virginia University will present comprehensive economic data on each of those regional economies this fall.
Coal mine output totaled 80 million short tons in 2016, just over half of the 158 million short tons in 2008. While the baseline forecast calls for statewide coal production to approach 89 million short tons in 2017 and remain in the upper 80 million ton range into the early 2020s, the secular decline in demand for West Virginia coal will continue and lead to output sinking below 80 million tons by 2030.
The Mountain State Business Index (MSBI) recorded a trace increase in May, marking the ninth time the index has improved on a month-to-month basis out of the last 10 months. Economists at West Virginia University said the MSBI has risen 1.9 percent on an annualized basis over the last six months, and has also notched a 1.6 percent gain over its May 2016 reading.
When it comes to problem-solving, the WVU Davis College and the West Virginia Natural Resources Conservation Service have a lot in common. This is one of the many reasons why the two entities developed a five-year project agreement in 2015, initially allocating resources for six research projects to be carried out by WVU researchers.
The Mountain State Business Index increased slightly in April, posting its eighth improvement in the last nine months. Economists at West Virginia University said the MSBI has jumped 2.5 percent on an annualized basis over the last six months and is 1.5 percent above the level registered in April 2016.
Following West Virginia University's involvement in transition planning for incoming Gov. Jim Justice, a multi-disciplinary group at the university has continued to look at ways government can be made more efficient, and not incidentally, less expensive.
When The Wall Street Journal needed expert help in reporting a story about possible leaks of government financial data in the United Kingdom, it turned to West Virginia University finance professor Alexander Kurov, who had recently completed a study on the same question in U.S. markets.
Law students from across the country will be in Morgantown March 16-18 for the seventh annual National Energy and Sustainability Moot Court Competition hosted by the West Virginia University College of Law. Students in the competition will argue a legal problem involving a state’s effort to subsidize electricity generators using particular fuel sources, such as coal, in order to produce local economic benefits.