Center for Business and Economic Research News

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.

Report: Economy Shows Signs of Strength, Finds “Firm Footing”

Falling unemployment rates, an increase in vehicle sales, and a long-awaited rebound in the residential housing market are all indications that the national and state economies are making a comeback. Despite sequestration of federal spending and a payroll tax increase that have slowed consumer spending, the economy is poised for strong growth in both 2014 and 2015, according to the spring 2013 Tennessee Business and Economic Outlook released today by UT’s Center for Business and Economic Research.

Report: 2013 Will See Slower Economic Growth Followed by an Increase in 2014

The US and Tennessee economies continue to dig their way out from the Great Recession, but they will be digging at a slower pace this year than last. The debate over the nation’s debt ceiling, the looming risk of sequestration of federal spending, and the payroll tax increase contribute to the slowdown in predicted gains, according to the forecast in the 2013 Economic Report to the Governor of the State of Tennessee, released today.