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Michael Toma

Professor Georgia Southern University

  • Statesboro GA

Professor Toma researches regional economics and public choice

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2 min

Atlanta is one of the World Cup's biggest host cities. Georgia Southern faculty across economics, health sciences and international studies are ready to speak to the stories behind the tournament. Featured Topic The Atlanta Advantage: Regional Economics of Hosting the World Cup What it means for local businesses, tourism, and the long-term economic legacy of a host city Atlanta's World Cup moment is as much an economic story as a sporting one. Georgia Southern University economics professors Michael Toma, Ph.D., and Anthony Barilla, Ph.D., can speak to tourism revenue, infrastructure investment and what host cities actually gain — and manage —when the world comes to town. Experts Michael Toma, Ph.D. Regional Economics and Development Anthony Barilla, Ph.D. Economics and Public Policy Featured Topic Playing Across a Continent: The Physical Demands of a 48-Team Tournament What elite athletes face competing across climates, time zones and a month-long schedule 48 teams. Multiple cities. Almost no recovery time. Georgia Southern health sciences and kinesiology professor Samuel Wilson, Ph.D., and sports psychologist Brandonn Harris, Ph.D., can explain how a World Cup schedule affects the human body and how elite teams prepare for it. Experts Samuel Wilson, Ph.D. Health Sciences and Athletic Performance Brandonn Harris, Ph.D. Kinesiology and Exercise Science Featured Topic More Than a Match: The World Cup as Cultural and Political Exchange How the world's biggest sporting event becomes a stage for diplomacy, identity, and soft power When 48 nations converge on American soil, the game is only part of the story. Political science and international studies expert Christopher M. Brown, Ph.D., can speak to the geopolitical dimensions — national identity, soft power and what it means for the U.S. to host global soccer for the first time in a generation. Experts Christopher M. Brown, Ph.D. Political Science and International Studies

Michael Toma

3 min

When an invitation to sit on the Georgia Governor’s Council of Economic Advisers arrived in an informal email from a colleague, Michael Toma, Ph.D., welcomed the chance to share his ongoing research on the economic health of southeastern Georgia with Gov. Brian Kemp, the Georgia House of Representatives and Senate leadership and their constituents. However, when he joined a small group of colleagues from around the state in a legislative office near the capitol in Atlanta late last year, the opportunity felt far from casual. “It does seem like it’s an honor because I looked around the table and there were only 10 or so of us from the entire state of Georgia,” said Toma, the Fuller E. Callaway professor of economics in Georgia Southern University’s Parker College of Business. “It’s nice to be invited to join this council informing the executive and legislative branches of government about economic conditions in the state of Georgia. I know the southeastern part of the state, so it’s nice to be recognized and be invited to speak about this region to a state-level audience.” The Governor’s Council of Economic Advisers is a select group of mostly higher education economists from various University System of Georgia institutions, in addition to the chief economist from Georgia Power, who meet annually. Toma, who specializes in macroeconomics and regional economics, is well known for his expertise throughout Savannah and the surrounding region. Since 2000, he has written and distributed The Economic Monitor, a quarterly publication housed within Georgia Southern’s Economics Department and Center for Business Analytics and Economic Research. The economic analysis offers a snapshot of the Savannah Metropolitan Statistical Area economy, including Bryan, Chatham and Effingham counties, and informs business owners across the Coastal Empire. He also regularly speaks to chambers of commerce and business groups in the region. In the governor’s council meeting, which was televised to state legislators, the economists took turns speaking about their respective areas of expertise to Gov. Kemp as part of an educational process and annual update for the executive and legislative branches. “The academics from the different institutions discussed economic conditions in their regions of the state,” Toma said. “I highlighted the activity here in Savannah, the growing manufacturing base and the wages associated with the Hyundai plant being injected into the regional economy, and the build-out of the supply chain for the Hyundai plant. “I discussed manufacturing development in the context of broader economic growth within the region that’s layered on top of our normal growth pattern, and that the economic development initiative is starting to pay the dividends it was anticipated to pay.” Following each individual presentation, the governor held an open forum for all in attendance to speak more fluidly with the group. “He had questions for the panel in general about small business activity,” stated Toma. “So I was able to characterize the ecosystem for small businesses in Chatham County. “He said that was a great report.” Toma holds a Ph.D. in economics from George Mason University. He joined Georgia Southern on the Armstrong Campus in Savannah in 1997. If you're interested in learning more about this topic and want to book time to talk or interview with Michael Toma then let us help simply click on his icon now or contact Georgia Southern's Director of Communications Jennifer Wise at jwise@georgiasouthern.edu to arrange an interview today.

Michael Toma

1 min

It has been a tense and stressful couple of weeks in Washington as the negotiations about raising America's debt went from the usual political arm-wrestling to facing the reality that the United States may actually default on its debt. The very concept left reporters and experts scrambling to explain what this could mean for the country's economy, civil service and global financial reputation. And when answers, explanations and expert perspective was needed, Georgia Southern University's Michael Toma, Ph.D., was sought out to talk about the effect of a looming U.S. debt default. Georgia Public Broadcasting spoke to Toma, who explained the situation and the impact of not reaching a deal could have locally and on a broader spectrum. If you're a reporter looking to know more about important topics like this then let  us help. Michael Toma, Ph.D., researches regional economics and public choice at Georgia Southern. He's available to speak with reporters simply click on his icon now to arrange an interview today.

Michael Toma

Biography

Michael Toma is the Fuller E. Callaway Professor of Economics in the Parker College of Business at Georgia Southern University (GSU) in Savannah. He earned a Ph.D. in Economics from George Mason University in Fairfax, Virginia and specializes in regional economics and macroeconomics. He has twenty-eight years of experience studying the economy of the Savannah metro region and southeastern Georgia, and has published 41 manuscripts in peer reviewed scholarly academic journals. He currently is a member of the Governor’s Council of Economic Advisers for the state of Georgia.

Areas of Expertise

Real Estate Transactions
Regional Economics
Macro & Monetary Economics

Accomplishments

Governor's Council of Economic Advisors

2024-present

Research Fellow, Academy of Economics and Finance

2026

Fuller E. Callaway Professorial Chair, University System of Georgia,

2012 - Present

Education

George Mason University

Ph.D

Economics

1996

Miami University, Oxford, Ohio

M.A.

Economics

1989

Miami University, Oxford, Ohio

B.S.

Business & Economics

1987

Media Appearances

Georgia Southern’s Economic Monitor: Savannah metro economy cools first half 2025

Savannah Business Journal  

2025-10-10

“Given the volatility on the forecasting index and generally weaker regional economic conditions in the first half of the year, growth in the Savannah metro economy is expected to remain below its long-term trend through 2025,” Toma said. “Elevated uncertainty in the U.S. economy and slowly emerging tariff-related price increases will be headwinds for national and regional economic growth through the remainder of the year.”

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Georgia economy expected to slow in 2025, but remain stronger than nation overall

Georgia Public Broadcasting  

2025-01-10

"While the U.S. economy may be shedding manufacturing jobs, that's not happening here — it's not happening here at all," Toma said, referring to continued development around Hyundai's electric vehicle factory in Bryan County. "This will be fun to watch and see."

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Tariffs impact coastal industries and Georgia's ports

11ALIVE.com  

2025-06-05

"Effectively your importers, people who were dependent on an overseas supply chain, were rushing to get as much of their product into the U.S. before the tariffs were levied on it," said Toma.

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Articles

The Minor League Experience: What Drives Attendance At South Atlantic League Baseball Games?

ResearchGate

Rodney J. Paul; Michael Toma; Andrew P. Weinbach

2009-01-01

An examination of the determinants of minor league baseball attendance in the South Atlantic League is performed through regression analysis. Potential determinants included in the regression model include demographic variables, team performance variables, and dummies for various categories of promotions.

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Working Hard or Hardly Working? Competition’s Effect on Real Estate Agent Effort

Taylor & Francis

Jason Beck,Heather R. Bono, Michael Toma

2023-05-15

Residential real estate transaction data from Savannah, Georgia, from 2008 to 2021 was used to explore the connection between the volume of competing homes for sale at the time of listing and the effort level of the listing agent.

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The impact of gunfire on residential property values

ResearchGate

Stephen Locke; Michael Toma; Jason Beck

2024-01-01

Hedonic studies of housing unit prices routinely attribute lower prices to perceived undesirable attributes and or amenities of the property sold. A steady stream of literature finds that criminal behaviour is negatively capitalized into housing unit prices. This study focuses on the effects of geocoded gunfire incidents on housing unit prices while controlling for other attributes and amenities at the census-block group level.

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