Economic Benefits of Tort Reform: An assessment of excessive US tort costs and potential economic benefits of reform
Report Published on February 01, 2022The civil justice system is a crucial institutional framework in America. When working properly, the system provides a fair and equitable forum for the resolution of disputes among parties, appropriately compensating those that have legitimately been harmed. Additionally, it acts as an effective deterrent to undesirable behavior. As part of this framework, tort litigation can be highly beneficial to society in terms of promoting equal and impartial justice as well as establishing part of the critical context in which economic activity can prosper.
- Tags:
- damages,
- justice system,
- litigation,
- tort,
- tort reform
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,
- impact,
- population,
- Texas
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.
The Economic Costs of the Recent Border Delays
Brief Published on April 20, 2022Every day, thousands of trucks cross the Texas-Mexico border, bringing a variety of goods ranging from fruits and vegetables to electronic equipment. Cross-border supply chains are common, and manufacturing facilities on both sides of the border depend on the efficient flow of products across the border. The recent slowdowns due to additional inspections disrupted these patterns, resulting in not only spoilage of perishable items, but also production delays. Given the strained capacity at the border in normal times, it will be difficult and, in many instances, impossible to “catch up.”
- Tags:
- border,
- impact analysis,
- Texas,
- US-Mexico border
Blast Off!: Texas Surges Ahead in the New Space Race
Brief Published on February 17, 2022As space travel became a realistic possibility, a “space race” developed, with the United States pitted against Russia to be the first to achieve milestones such as orbiting the earth and landing on the moon. Americans were glued to television screens in July 1969 as Neil Armstrong became the first human to step on the moon, and every previous and subsequent milestone has been the subject of intense interest among people in all walks of life. Texas was an integral part of this phenomenon and it left an indelible imprint on the culture and personality of the state.
Brownsville State of the Port: 2022 Keynote Address
Video Delivered on April 14, 2022Dr. Perryman provides an economic forecast for the Rio Grande Valley and the Port of Brownsville's role in connecting international trade to the region at the 2022 State of the Port Address.
- Tags:
- Brownsville,
- ports,
- Rio Grande Valley,
- speech,
- trade
Why is the Houston ship channel so significant?
Radio Spot Broadcast via Texas State Networks on June 08, 2022Dr. Perryman describes why the expansion of this channel is a good sign for Texas.
How is the Fed trying to reduce inflation?
Radio Spot Broadcast via Texas State Networks on June 07, 2022Dr. Perryman explains how the institution will adjust their balance sheet in light of high inflation.
How strong was the May jobs report?
Radio Spot Broadcast via Texas State Networks on June 06, 2022Dr. Perryman indicates some key factors contributing to economic growth.
- Tags:
- economy,
- jobs report
What is the impact of the EU embargo on Russian oil?
Radio Spot Broadcast via Texas State Networks on June 03, 2022Dr. Perryman explains how this move will affect both Russia and the global oil market.