PUBLICATIONS & RESEARCH
Use the search field below to find Boyd Center for Business & Economic Research publications by title, author, or date of publication.
Tennessee Business Leaders Survey, Summer 2023
Publication Date: September 27, 2023
Many business leaders from across Tennessee responded to the Boyd Center’s semi-annual Business Leaders Survey, providing a unique perspective on the Tennessee and U.S. economies. Responses were provided between August 1 and August 23, 2023. Respondents represent a broad sample of Tennessee’s businesses, both by size and by industry.
An Economic Assessment of TennCare Expansion in 2023
Publication Date: March 1, 2023
Expanding TennCare will yield economic benefits in almost every dimension. In the very near future, expansion will have positive fiscal benefits and generate increased economic activity in the state. It will provide vital financial protection for rural hospitals, ensuring rural Tennesseans have access to health care, particularly for time-sensitive emergent conditions. In the longer run, increased eligibility will yield spillover effects to the state in subtle ways but in ways that have immeasurable impact. Expansion can help with the substance use epidemic, reduce disability and permanent exits from the labor force, and reduce rates of chronic illness (or at least empower patients and providers to treat them more efficiently). The program is more than self-funding, and the federal government is willing to provide Tennessee $1.3 billion to pursue an endeavor that yields nothing but benefits on net.
The Value of a College Education in Tennessee
Publication Date: August 9, 2023
The labor market and broader economy remain in flux as the U.S. unevenly rebounds from COVID-19 disruptions to health, education, work, prices, and every aspect of life. One silver lining of these disruptions, for job seekers, has been an exceptionally tight labor market with rising wages and expanding job opportunities. The bottom of the pay scale has risen the most in percentage terms, benefitting jobs that are less likely to require a college education. Is college still “worth it” in this environment?
The Economic Cost of Child Abuse and Neglect in Tennessee
Publication Date: June 6, 2023
Statistically, there is a one-in-eight chance that a child in Tennessee is a substantiated victim of child abuse by the time they reach adulthood. We estimate the economic impact of substantiated claims of child abuse and neglect in Tennessee to be between $3.33 and $4.97 billion per year. We consider substantiated claims of four types of maltreatment: physical abuse, sexual abuse, drug exposure, and neglect. Efforts to prevent child maltreatment (and to help young victims recover) will yield a literal lifetime of benefits stemming from greater labor force participation, improved population health, decreased rates of substance use disorders, lower incarceration rates, reduced demand for state services, and greater life expectancy. These efforts can include economic supports for families, education efforts for parents, and greater access to mental health and counseling services for both parents and children.
Tennessee Business Leaders Survey, Winter 2023
Publication Date: March 13, 2023
Many business leaders from across Tennessee responded to the Boyd Center’s semi-annual Business Leaders Survey, providing a unique perspective on the Tennessee and U.S. economies. Responses were provided between January 6 and January 26, 2023. Respondents represent a broad sample of Tennessee’s businesses, both by size and by industry.
Tennessee’s Post-Pandemic Workforce: Implications for the Value of Going to College
Publication Date: February 3, 2023
In the decade since the Drive to 55 was initiated, much has changed. According to the American Community Survey, 58% of Tennesseans 25 and older had at least some college-level education in 2019, up from 53% in 2010. However, as the impacts of COVID-19 reverberate throughout our economy, the current environment is more favorable for workers without college than it has been for a generation or more. A tight labor market, high college costs alongside high rates of student loan default, and growth in job opportunities for workers without college have led many to question if college is still worth the cost. What is the average long-term payoff from enrolling in college?
An Economic Report to the Governor of the State of Tennessee, 2023
Publication Date: December 15, 2022
This 2023 volume of An Economic Report to the Governor of the State of Tennessee is the forty-seventh in a series of annual reports compiled in response to requests by state government officials for assistance in achieving greater interdepartmental consistency in planning and budgeting efforts sensitive to the overall economic environment. Both short-term, or business cycle-sensitive forecasts, and longer-term, or trend forecasts, are provided in this report. The report’s special section provides an assessment of advanced manufacturing in Tennessee.
The Impact of TennCare: A Survey of Recipients, 2022
Publication Date: December 4, 2022
The Boyd Center for Business and Economic Research at the University of Tennessee, under contract with the Department of Finance and Administration of the State of Tennessee, conducted a survey of Tennessee residents to ascertain their insurance status and use of medical facilities and their level of satisfaction with the TennCare program. A target sample size of 5,000 households allows us to obtain accurate estimates for subpopulations. The Boyd Center prepared the survey instrument in cooperation with personnel from the Division of TennCare.
Assessing Advanced Manufacturing in Tennessee
Publication Date: June 15, 2022
Manufacturing is critically important to the Tennessee economy, representing 14.5 percent of the state’s GDP, 13.3 percent of the state’s private, non-farm employment, and paying an average annual wage that is above the statewide average. However, TN manufacturing employment has declined by more than 28 percent since 2000, mirroring the nationwide experience. In a similar period, national manufacturing output-per-worker (productivity) increased, revealing that the state and U.S. now manufactures more with fewer employees. This increase in productivity is a clear reflection of the effect and importance of what has become known as advanced manufacturing (A-M). What does it mean to be advanced in manufacturing? Are some manufacturing industries more advanced or differently advanced than others? Which states have the biggest share of manufacturing that is advanced? Which locales have or are developing the key attributes necessary to support a robust advanced manufacturing presence? We investigate these questions using input, output, productivity, and other data that are gathered at the national, state, and county levels.
Tennessee Business Leaders Survey, Summer 2022
Publication Date: September 14, 2022
Many business leaders from across Tennessee responded to the Boyd Center’s semi-annual Business Leaders Survey, providing a unique perspective on the Tennessee and U.S. economies. Responses were provided between August 2 and August 21, 2022. Respondents represent a broad sample of Tennessee’s businesses, both by size and by industry.