CBER's Annual Economic Outlook Conference Set for January 15 in Montgomery
The Center for Business and Economic will host the 2014 Economic Outlook Conference on Wednesday, January 15. David Altig, Executive Vice President and Director of Research at the Federal Reserve Bank of Atlanta, will give a Federal Reserve perspective on the U.S. outlook. Samuel Addy, CBER Director and Associate Dean for Research and Outreach in UA's Culverhouse College of Commerce, will present the outlook for the Alabama economy. The luncheon speaker is Tom Broughton, Chief Executive Officer and President, ServisFirst Bank. The 2014 conference is the 26th in CBER's annual series of economic forecasting events. Registration is now available
CBER Analysis Validates Predictive Significance of ABCI
Each quarter business executives across Alabama take the online Alabama Business Confidence Index™ (ABCI) survey, a project of the Center for Business and Economic Research (CBER) in UA's Culverhouse College of Commerce. The recent Q4 2013 survey marked 48 consecutive quarters of ABCI results. Using these survey results, CBER has completed a Validation Analysis comparing statewide trends in the ABCI and ...more
CBER Economists See Slight Impact of U.S. Economic Problems on Alabama Forecast
The Alabama economy is expected to grow around 2.0 percent during 2013, according to the fourth quarter forecast update from the Center for Business and Economic Research (CBER) in The University of Alabama's Culverhouse College of Commerce. With federal spending cutbacks and now the budget impasse hitting some areas of the state pretty hard, that's a weaker forecast than the 2.2 percent ...more
Alabama Businesses Maintain Positive Outlook Despite Uncertainty
After a strong boost in confidence last quarter, Alabama business expectations settled down going into the fourth quarter of 2013. The Alabama Business Confidence Index™ (ABCI) slipped one point to 51.9, staying positive despite the economic uncertainties that loomed as the 248 panelists completed the online survey during the first two weeks of September. At this level, Alabama business expectations are 3.6 points ...more
Alabama Metro Area Sections from Alabama Economic Outlook 2013 online
The metro area summaries from the Alabama Economic Outlook 2013 have now been posted online. These write-ups include information on area developments during 2012 as well as comparative tables and analysis of relevant socioeconomic data. Tables covering nonfarm employment and labor force, employment, and unemployment data have been updated to July 2013. CBER’s forecasts for metro area output and employment growth during 2013 are included in the write-up. Summaries of 2013 metro area activity and performance as well as forecasts for 2014 will be released in January when the Center holds its 2014 Economic Outlook Conference. Read the metro summaries here.
For 2011-2012, The University of Alabama (UA) economic impacts on the State of Alabama were $2.259 billion and 11,555 jobs. About $93.5 million in state and local tax revenues were generated; $58.5 million for the state and $35 million in local jurisdictions.
For every $1 of state appropriation UA created a $15.47 statewide impact with leveraging. Alabama will realize a 14.3 percent annual rate of return on the $146 million state appropriation to UA over the working life of the 2011-2012 graduating class from $1.1 billion in additional income and sales taxes ($792 million state and $337 million local).
Alabama home football games had a total impact of $175.5 million on the state, an average of $25.1 million per game ...more
The momentum in Alabama’s economy during the second half of 2012 should continue into 2013, according to the forecast from UA’s Center for Business and Economic Research (CBER). Dr. Sam Addy, CBER Director and Associate Dean for Research and Outreach in the Culverhouse College of Commerce, discussed developments in the state during 2012 and prospects for 2013 at the Center’s 25th annual Economic ...more
In a new study, Dr. Samuel Addy, Director of UA's Center for Business and Economic Research, utilizes cost-benefit analysis to assess the economic impacts of HB 56, the Alabama immigration law ...more
A study completed by CBER in 2011 for the Alabama Association of Regional Councils (AARC) assesses the status of the state’s economy, people, resources, and environment in global, national, and regional contexts. The 53-page report, Alabama in the Global Economy, considers the question of “Where do we go from here?” and offers policy recommendations for sustainable development. It is part of the AARC’s recent update of Alabama’s Comprehensive Economic Development Strategy (CEDS). You can visit the Alabama CEDS website at http://ceds.alabama.gov/ for reports, data, and maps or access the Alabama in the Global Economy report directly here.Preliminary Economic and Fiscal Impacts of the April 27, 2011 Tornadoes in Alabama
Preliminary macroeconomic impact estimates of the April 27, 2011 tornadoes that hit Alabama are reductions of (i) 0.2-0.5 percent in employment or 5,600-13,200 jobs, (ii) 0.2-0.5 percent in state tax collections or $19.1-44.5 million, (iii) 0.5-0.7 percent in Alabama Gross Domestic Product (GDP) or $835 million to $1.3 billion, and (iv) $4.4-10.2 million in local sales tax collections. These loss effects are expected to be experienced in 2011 only ...moreBP Oil Spill Preliminary Macroeconomic Impacts on Alabama
The Center for Business and Economic Research has released preliminary macroeconomic impact estimates of the BP Deepwater Horizon oil spill on Alabama for 2010 ...more
Center for Business and Economic Research, Box 870221, Tuscaloosa, AL 35487-0221
Phone: 205.348.6191, Fax: 205.348.2951, Email: email@example.com