The Economic Impact of the Solar Eclipse on the US and Affected States
Brief Published on March 28, 2024On Monday, April 8, a total solar eclipse will cross North America, passing over Mexico, the United States, and Canada. The path of totality enters Texas around Eagle Pass and crosses the nation to the northeast, exiting the northeast near Houlton, Maine. More than 30 million people reside in the path of totality (including about 12 million in Texas alone).
- Tags:
- eclipse,
- impact analysis
Economics of the 2024 Solar Eclipse
Brief Published on March 25, 2024On Monday, April 8, a total solar eclipse will cross North America, passing over Mexico, the United States, and Canada. The path of totality enters Texas around Eagle Pass and crosses the state to the northeast, exiting near the northeast corner. About 12 million Texans reside in the path of totality, which includes the major metropolitan areas along the I-35 corridor.
- Tags:
- eclipse,
- impact analysis
The High Cost of the Texas Panhandle Wildfires
Brief Published on March 08, 2024Recent wildfires in the Texas panhandle have burned well over a million acres, causing tragic loss of life and devastating local communities. In addition, the fires have destroyed livestock and grazing land in this region which is crucial to the US beef industry.
- Tags:
- natural disaster,
- fire
The Economic Benefits of Texas‑Mexico Trade
Brief Published on February 15, 2024Trade between the United States and Mexico is crucial to both nations, and Texas has been the leading state for exports and imports between the two countries for decades. The Perryman Group estimates that trade between Texas and Mexico generates business activity across the United States of almost $1 trillion in gross domestic product annually and more than 8 million jobs (including multiplier effects and based on 2023 trade levels), with much of the activity concentrated in Texas.
- Tags:
- Federal Reserve,
- trade,
- Mexico,
- United States
Economic Costs of Hurricane Idalia Include an Estimated $18.4 Billion Net Loss in US Output
Brief Published on September 15, 2023On August 30, Hurricane Idalia made landfall as a Category 3 hurricane along Florida's Gulf Coast causing severe wind damage and flooding. The storm continued across Georgia as well as South Carolina and North Carolina as a tropical storm. The human suffering is of paramount importance and should be the primary concern, as well as enormous emotional losses. In addition, the storm will have a significant impact on the economy.
- Tags:
- economic impact,
- hurricane,
- natural disaster
The High Economic Cost of the Opioid Crisis
Brief Published on September 13, 2023Opioid addiction and overdoses have devasted individuals, families, and communities across the state, nation, and world. The human costs of this health crisis are immeasurable and are the reason that aggressively attacking this crisis is a social and humanitarian imperative. At the same time, there are significant economic consequences and impacts that stem from this massive health issue. The Perryman Group recently estimated the costs of the opioid crisis in Texas in order to provide a perspective on the magnitude of these negative effects.
The High Cost of Heat
Brief Published on July 24, 2023Texas has obviously experienced a heat wave of historic proportions in the summer of 2023. The higher-than-normal temperatures have created health issues for many residents and impacted quality of life for millions of people. Not surprisingly, the effects do not stop there.
- Tags:
- Texas,
- impact analysis,
- climate
Economic Costs of Hurricane Ian Include an Estimated $36.7 Billion Net Loss in US Output
Brief Published on September 30, 2022On September 28, Hurricane Ian made landfall along the southwest Florida coast causing severe wind damage and flooding. The loss of life and human suffering is of paramount importance and should be the primary concern, as well as enormous emotional losses. In addition, the storm will have a significant impact on the economy, which could rise if there is significant additional damage in South Carolina.
- Tags:
- storm,
- hurricane,
- natural disaster,
- impact analysis
The Economic Impact of the Texas Census Undercount
Brief Published on June 03, 2022The US Census Bureau recently released the 2020 Census estimated undercount and overcount rates from its Post-Enumeration Survey. The results indicate that the Texas population was undercounted by 1.92%.
- Tags:
- census,
- population,
- Texas,
- impact analysis
The Importance of Russian Trade and Investment Activity to the Texas Economy
Brief Published on April 27, 2022The recent invasion of Ukraine by Russia is generating questions regarding how important Russia is to the Texas economy, particularly as policies restricting trade and investment interactions are implemented or contemplated. While no area can escape the near-term disruptive effects related to the supply chain and inflation, the specific effects on business activity within the state are relatively minor. The Perryman Group recently analyzed patterns in Texas-Russia trade and investment to assess the extent of the linkages and related economic effects.