Center for Business and Economic Research News

Study: Lackluster Growth in First Quarter but Gains Expected Overall in 2014

An abnormally harsh winter led to lackluster economic growth the first quarter of 2014, but a dip in unemployment rates and expected increases in housing investments signal stronger gains for the remainder of the year. The gross domestic product is expected to increase 2.4 percent this year as a whole, compared to 1.9 percent last year, according to the spring 2014 Tennessee Business and Economic Outlook released today by UT’s Center for Business and Economic Research.

UT Report to the Governor: Economy to See Stronger Growth in 2014 and 2015

After five years of sluggish recovery, the US and Tennessee economies are poised for strong growth in 2014 and 2015 according to the forecast in the 2014 Economic Report to the Governor of the State of Tennessee, released today. The study, prepared by UT’s Center for Business and Economic Research, predicts the course of the state and national economies by examining many fiscal factors and trends.

Chattanooga Times Free Press: Amazon starts collecting Tennessee sales tax January 1

This holiday season is the last for Tennessee residents to buy items on Amazon without having to pay state and local sales taxes. Bill Fox, a UT economist and widely recognized expert on e-commerce’s impact on sales taxes, was featured in the Chattanooga Times Free Press where he said said the new tax law “doesn’t solve the broader issue of the inability to collect tax on remote commerce.”

Study: TennCare Satisfaction at its Highest

Overall enrollee satisfaction with the TennCare program is at its highest level, according to a UT report released today. Ninety-five percent of TennCare recipients surveyed expressed satisfaction with the care they received, the highest level since the program’s inception. This finding is included in “The Impact of TennCare: A Survey of Recipients 2013,” prepared by UT’s Center for Business and Economic Research.

Professor Receives Two Prestigious Accounting Awards

Bruce Behn, head of the Department of Accounting and Information Management in the College of Business Administration and a faculty fellow in the college’s Center for Business and Economic Research, has received special awards from the American Institute of Certified Public Accountants and the American Accounting Association.

Report: US and Tennessee Economies Showing “Much-Welcomed Resilience”

In spite of reduced federal spending, a global slowdown, and a conflict in Syria that has contributed to rising oil prices, the national and Tennessee economies are still growing. The growth will continue through this year and is expected to accelerate in 2014 and beyond, according to the forecast in the fall 2013 Tennessee Business and Economic Outlook released today. The study predicts the course of the state and national economies by examining many economic and fiscal factors and trends.