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 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
How do the Texan and Russian economies relate?
Radio Spot Broadcast via Texas State Networks on April 22, 2022Dr. Perryman explains the links between the two entities in response to Russia's war with Ukraine.
What has been the economic impact of increased border inspections between Texas and Mexico?
Radio Spot Broadcast via Texas State Networks on April 21, 2022Dr. Perryman breaks down the losses from the slowdowns associated with the increased inspections at the border.
How many oil and gas permits were filed in March?
Radio Spot Broadcast via Texas State Networks on April 20, 2022Dr. Perryman explains the impact of an uptick in these permits and what can be expected for the energy industry in Texas in the future.
- Tags:
- energy,
- oil and gas,
- Texas
How high are home mortgage rates?
Radio Spot Broadcast via Texas State Networks on April 19, 2022Dr. Perryman walks through the status of home ownership and how that relates to the economy at large.
How strong were jobs numbers in March?
Radio Spot Broadcast via Texas State Networks on April 18, 2022Dr. Perryman describes recent trends in employment growth.
- Tags:
- employment,
- jobs