Research Library

At least four states are currently considering a gross receipts tax (GRT) to improve revenues, yet Texas legislators have made attempts to repeal its franchise tax, a form of the GRT. Fellow Joyce Beebe examines this apparent conflict.

Rising crime and violence in Mexico threaten to derail the economic reforms that are President Enrique Peña Nieto's legacy.

Houston and Harris County area law enforcement leaders weigh in on the need for drug policy reforms in the United States.

To either close deals or resolve disputes, parties and courts must be able to attach a credible economic value to water that may still be underground in the aquifer. In this brief, fellow Gabriel Collins proposes a means of estimating this value that opens the door for a direct comparison of the implied price paid for groundwater in a land purchase transaction and the price paid for an explicit agreement to acquire only the groundwater estate beneath a tract.

Many argue that sales and excise taxes are regressive based on the strict relationship between annual income and taxes paid, but the burden of higher sales taxes may actually fall more heavily on households with higher lifetime incomes.

The most likely future for NAFTA is neither continuity — that is off the table as per U.S. goals — nor a “modernized” agreement that the U.S. does not appear to want.

While academic and popular debates tend to focus on differential benefits and costs of trade across countries or industries, this brief highlights winners and losers at the level of individual firms. The authors demonstrate that preferential liberalization produces concentrated benefits among a relatively small number of very large and productive firms.