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Economic Benefits of Tort Reform: An assessment of excessive US tort costs and potential economic benefits of reform
Report Published on February 01, 2022

The 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.

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The Economic Impact of a National Rail Strike
Brief Published on October 17, 2022

Rail is a crucial component of the US logistics system, and a strike would lead to significant logistical dislocations, exacerbate ongoing supply chain challenges, put additional upward pressure on prices and, thus, do substantial economic harm. Although a tentative agreement was reached between the major railways and union representatives (with the help of Biden Administration officials), it requires ratification by union members before going into effect. One of the largest of the 12 unions recently rejected the package, and concern has been expressed by several others.

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Economic Costs of Hurricane Ian Include an Estimated $36.7 Billion Net Loss in US Output
Brief Published on September 30, 2022

On 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.

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The Economic Impact of the Texas Census Undercount
Brief Published on June 03, 2022

The 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%.

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The Importance of Russian Trade and Investment Activity to the Texas Economy
Brief Published on April 27, 2022

The 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.

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The Economic Costs of the Recent Border Delays
Brief Published on April 20, 2022

Every 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.”

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Blast Off!: Texas Surges Ahead in the New Space Race
Brief Published on February 17, 2022

As 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.

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Brownsville State of the Port: 2022 Keynote Address
Video Delivered on April 14, 2022

Dr. 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.

What does the Fed raising interest rates mean?
Radio Spot Broadcast via Texas State Networks on November 03, 2022

Dr. Perryman breaks down the most recent rate hike and what probems the Federal Reserve intends to solve with this move. 

How are income and cognitive development related?
Radio Spot Broadcast via Texas State Networks on November 02, 2022

Dr. Perryman explains the importance of brain development and how solving some associated issues can help solve various social problems.