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Publications & Research

The Boyd Center conducts research on behalf of multiple public entities to reveal key insights about the economy in Tennessee and across the nation, as well as the efficacy of public programs. Our research has appeared in publications such as The Economist, The Wall Street Journal, The New York Times, The Washington Post and The Tennessean.

Use the search field below to find Boyd Center for Business and Economic Research publications by title, author, or date of publication.

Tennessee Business and Economic Outlook, Spring 2015

Authors: Matthew N. Murray

Publication Date: May 1, 2015

In Tennessee, total tax collections grew by 4.6 percent during the third quarter of 2014. This was faster than both the southeast average of 3.2 percent and the national average of 4.4 percent. Among the 12 southeastern states, only South Carolina, Mississippi, Virginia, and Florida experienced faster revenue growth than Tennessee (see Figure 8). As of March 2015, Tennessee Department of Revenue tax collections have totaled $7,797.9 million for the fiscal year-to-date (August 2014 through March 2015), representing a $535.4 million or 7.4 percent increase over last fiscal year. The 7.4 percent expansion in tax revenues has largely been driven by sales tax revenues which are up $269.8 million or 5.7 percent, and franchise and excise tax revenues (corporate income taxes) which have grown by $232.8 million or 24.5 percent compared to last fiscal year-to-date.

An Economic Report to the Governor of the State of Tennessee, 2015

Authors: Matthew N. Murray, William F. Fox, Lawrence M. Kessler, Matthew C. Harris, Vickie C. Cunningham, Mary Elizabeth Glenn

Publication Date: January 26, 2015

This 2015 volume of An Economic Report to the Governor of the State of Tennessee is the 39th 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. Tennessee forecasts, current as of January 2015, are based on an array of assumptions, particularly at the national level, which are described in Chapter One. Chapter Two details evaluations for major sectors of the Tennessee economy, with an agriculture section provided by the University of Tennessee Agricultural Policy Analysis Center. Chapter Three discusses Tennessee’s role in the international economy and presents the long-run outlook and forecast for the state. Chapter Four presents Tennessee’s labor market before and after the Great Recession. The primary purpose of this annual volume—published, distributed, and financed through the Tennessee Department of Finance and Administration, Tennessee Department of Economic and Community Development, the Tennessee Department of Revenue, the Tennessee Department of Labor and Workforce Development, and the Appalachian Regional Commission—is to provide wide public dissemination of the most-current possible economic analysis to planners and decision-makers in the public and private sectors.

Who Benefits Under Insure Tennessee?

Authors: William F. Fox, Matthew N. Murray, Matthew C. Harris

Publication Date: January 1, 2015

Why do so many Tennesseans not have health insurance? A large part of the answer may simply be cost. In this report, the Boyd Center used data from The Behavioral Risk Factor Surveillance System produced by the Centers for Disease Control, the American Community Survey and healthcare.gov to provide a profile of Tennesseans who would be eligible for insurance under Insure Tennessee.

The Economic Impact of the University of Tennessee, Knoxville, on the State of Tennessee: Academic Year 2013-2014.

Authors: William F. Fox, Lawrence M. Kessler

Publication Date: November 1, 2014

The Tennessee economy and its residents benefit from the University of Tennessee, Knoxville, through the creation of jobs, incomes, and tax revenues. UT also provides Tennessee with many qualitative effects, such as a trained labor force, visibility around the world for its research, and public service benefits. First, the university provides 9,263 faculty, staff, and student employees with salaries, which directly impacts the state’s economy. UT’s payroll spending for fiscal year 2014, including fringe benefits, totaled $522.5 million. UT also generates income and jobs for the state indirectly by spending money on goods and services in Tennessee. Nonpayroll spending for the university amounted to $545.0 million in FY14. Combined with the indirect economic benefit for the state’s economy as incomes are spent and re-spent, UT creates an additional $894.8 million in income and 18,682 jobs in addition to those working on campus.

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