On June 23, citizens of Britain will vote on whether their country should stay in the European Union. A paper published in 2012 by David Hummels of Purdue University and Georg Schaur, an economics professor in the Haslam College of Business, finds that every day goods are in transit adds a cost equivalent to a tariff of between 0.6 percent and 2.1 percent.
Georg Schaur News
All eyes turn to Sochi, Russia, for the 2014 Winter Olympics this week as athletes compete to take the gold. But what happens to the city and sporting facilities that have been built for the event once everyone returns home? It’s a question Scott Holladay, an assistant professor of economics at UT, has considered. He’s studied the overall impact of the Olympics on a host city’s long-term growth.
Getting rich used to be tough. For most of the past two centuries, few countries managed it. But those gaps have begun to close, thanks to industrialization. For many countries, timely shipments of components are indispensable. An analysis by UT economics professor Georg Schaur and David Hummels of Purdue University estimates that a day in transit is