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,
- tort,
- tort reform,
- litigation
The Long‑Term Economic Forecast for Texas Metropolitan Areas
Newsletter Published on December 21, 2022 (Vol. 39, No. 10)Both large and smaller metropolitan areas are all on track to experience notable employment growth over the long term. The Perryman Group's latest long-term economic forecast findings are summarized in this issue of The Perryman Report & Texas Letter.
Long‑Term Texas Economic Forecast
Newsletter Published on November 30, 2022 (Vol. 39, No. 09)Although there are challenges to be dealt with, the Texas economy is expected to see long-term growth at a rate outpacing most parts of the United States. This issue highlights The Perryman Group's latest long-term forecast for the state.
United States Economic Forecast
Newsletter Published on October 07, 2022 (Vol. 39, No. 08)While the pace has slowed from the surge as conditions improved from the pandemic, the US economy has been experiencing job gains and other signs of growth. However, challenges are intensifying. The long-term outlook calls for expansion, though the risk of below-trend growth in the near term remains.
Literacy in Texas
Newsletter Published on August 31, 2022 (Vol. 39, No. 07)Literacy improves quality of life and is essential to many jobs. Texas lags the nation in literacy rates, with particularly low levels in some counties. Improving the situation could lead to notable economic benefits.
Essential Energy: Texas' Role in Meeting Global Energy Needs Part 2 of 2
Newsletter Published on July 22, 2022 (Vol. 39, No. 06)Texas has been a major producer of oil and natural gas for over a century, and more recently has become a center for wind and solar power. Meeting future global needs will require all of these sources of energy, and the state will play an essential role.
- Tags:
- export,
- Permian Basin,
- fuels
Essential Energy: The Economic Importance of the Permian Basin Part 1 of 2
Newsletter Published on July 07, 2022 (Vol. 39, No. 05)The Permian Basin is among the most important oil-producing regions in the world. In addition to supplying needed energy, it also generates a substantial portion of Texas business activity. This issue highlights results of The Perryman Group's recent study of the economic and fiscal impact of the region.
- Tags:
- impact,
- Permian Basin,
- oil and gas
The Economic Forecast for Texas Metropolitan Areas
Newsletter Published on June 01, 2022 (Vol. 39, No. 04)This issue of The Perryman Report & Texas Letter highlights the five-year economic forecast for the state's metropolitan statistical areas (MSAs). Despite recent fluctuations, the forecast for the major MSAs all point to continued growth.
The Five‑Year Outlook for the Texas Economy
Newsletter Published on May 05, 2022 (Vol. 39, No. 03)The Texas economy is now more than 200,000 jobs above prepandemic levels and continues to expand at a notable pace. Despite challenges, the upward trend is projected to continue. Highlights of The Perryman Group's latest five-year outlook are summarized in this issue.
Blast Off: Texas Surges Ahead in the New Space Race
Newsletter Published on April 14, 2022 (Vol. 39, No. 02)Businesses related to outer space are a large and growing component of the economy. In this issue, The Perryman Group's estimates of current and potential future economic benefits of the sector for the United States and Texas are summarized.
- Tags:
- space