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
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:
- hurricane,
- Hurricane Ian,
- impact,
- natural disaster,
- storm
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
How did the European Central Bank's interest rate increase affect markets?
Radio Spot Broadcast via Texas State Networks on September 30, 2022Dr. Perryman explains the consequences of the ECB's move to fight inflation.
- Tags:
- Europe,
- inflation,
- interest rates
How did Covid‑19 affect standardized test scores?
Radio Spot Broadcast via Texas State Networks on September 09, 2022Dr. Perryman explains the impact of learning-loss due to the pandemic from a short-term and long-term perspective.
- Tags:
- coronavirus,
- COVID-19,
- standardized tests
What are the goals of Austin's guaranteed income program?
Radio Spot Broadcast via Texas State Networks on September 08, 2022Dr. Perryman explains some of the complications with the program and why it may not gain much traction.