Details

Ten-Gallon Economy

Sizing Up Economic Growth in Texas

von: Pia M. Orrenius, Jesús Cañas, Michael Weiss
109,99 €
Verlag:	Palgrave Macmillan
Format:	PDF
Veröffentl.:	01.09.2015
ISBN/EAN:	9781137530172
Sprache:	englisch
Anzahl Seiten:	268

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Titelbeschreibung

Texas' economic growth has consistently outpaced that of the United States as a
whole over the past quarter century. What accounts for the state's economic
success? And does it come at a price to be paid in the future? <em>Ten-Gallon
Economy</em> features new research on regional economic growth and some
surprising findings on Texas' unique tax and banking institutions, booming
energy and export sectors, vibrant labor market, expanding demographics and
human capital, and growing border economy. Texas has a dynamic economy, large
yet flexible, but it is still subject to the booms and busts of the energy
sector, which exercises an outsized influence. Taxes are low but regressive
relative to national benchmarks, which fuels growth but can inhibit investment
in education and health. Meanwhile, Texas, as one of only five minority-majority
states, is poised to reap a big demographic dividend if it invests wisely in the
coming generation of mostly Latino workers. Taken together, the chapters in this
volume provide unique insight into the economy of the nation's second-largest
state, laying out some of the choices facing policymakers charged with
safeguarding the Texas growth premium for future generations. 

Inhaltsverzeichnis

<p>PART I: INTRODUCTION<br>1. Tipping Our Hats to the Ten-Gallon Economy; Pia M.
Orrenius, Jesús Cañas, Michael Weiss <br>PART II: PUBLIC POLICY AND BUSINESS
CLIMATE<br>2. Increasing Jobs and Income from Work: The Role and Limitations of
Public Policy; David Neumark <br>3. Why Texas Grows Faster: The Role of Smaller
Government; Jason Saving<br>4. The Shortcomings of the Texas Margin Tax; Alan D.
Viard<br>PART III: HUMAN CAPITAL AND LABOR MARKETS<br>5. Texas' Education
Challenge: A Demographic Dividend or Bust?; Marta Tienda <br>6. Oil Boom Lowers
Human Capital Investment in Texas; Anil Kumar<br>7. Employment Growth and Labor
Market Polarization in the U.S. and Texas; Melissa LoPalo, Pia M.
Orrenius<br>PART IV: INDUSTRY AND EXPORTS<br>8. Texas Real Estate: From the
1980s' Oil Bust to the Shale Oil Boom; John V. Duca, Michael Weiss, Elizabeth
Organ<br>9. The Evolution of Texas Banking; Kory Killgo and Kenneth J.
Robinson<br>10. The Impact of Changing Energy Prices on the Texas Economy; Mine
K. Yücel, Michael Plante, Amy Jordan, Nicole Lake<br>11. Texas Comparative
Advantage and Manufacturing Exports; Jesús Cañas, Luis Bernardo Torres Ruiz,
Christina English<br>PART V: BORDER AND ECONOMIC DEVELOPMENT<br>12. So Close to
Mexico: Economic Spillovers Along the Texas–Mexico Border; Roberto Coronado,
Marycruz De León, Eduardo Saucedo<br>13. Border Economic Recovery Lags Rest of
State; Keith R. Phillips and Christopher Slijk <br>14. Las Colonias Along the
Texas–Mexico Border; Jordana Barton, Elizabeth Sobel Blum, Emily Ryder
Perlmeter, Raquel R. Márquez<br></p>

Autorenportrait

Pia M. Orrenius is Vice President and Senior Economist at the Federal Reserve
Bank of Dallas, USA, where she leads the regional group that tracks economic
growth and development in the Eleventh District. Orrenius has published
extensively on the Texas economy, immigration, and labor markets, and is
Executive Editor of the Dallas Fed publication Southwest Economy. <br><br>Jesús Cañas is
Business Economist at the Federal Reserve Bank of Dallas, USA. As member of the
regional group he analyzes the regional economy. His research at the Fed also
focuses on issues pertaining to the Mexican economy, the U.S.-Mexico border
economy, and the maquiladora industry. Cañas has written articles for various
Federal Reserve Bank publications and academic journals such as Annals of Regional Science and Growth and Change. Cañas holds a BA in
Economics and Finance and an MS in Economics from the University of Texas at El
Paso, USA.<br><br>Michael Weiss is Senior Writer/Editor in the Research
Department of the Federal Reserve Bank of Dallas, USA, and edits the quarterly,
Southwest Economy. He holds an MBA in
Finance from the University of Texas at Arlington, USA, an MS in Journalism from
Columbia University, USA, and a BA in Public Affairs from The University of
Chicago, USA.<div><br>Jordana Barton, Federal Reserve Bank of Dallas, USA <div>Roberto Coronado, Federal Reserve Bank of Dallas, USA </div><div>Marycruz de León, Federal Reserve Bank of Dallas, USA </div><div>John V. Duca, Federal Reserve Bank of Dallas, USA 
</div><div>Christina English, Equal Employment Advisory Council, USA </div><div>Amy Jordan, Federal Reserve Bank of Dallas, USA </div><div>Kory Killgo, Federal Reserve Bank of Dallas, USA 
</div><div>Anil Kumar, Federal Reserve Bank of Dallas, USA </div>Nicole Lake, Blue Cross Blue Shield, USA </div><div>Melissa Lopalo, Federal Reserve Bank of Dallas, USA 
</div><div>Raquel R. Márques, Federal Reserve Bank of Dallas, USA </div><div>David Neumark, University of California, Irvine, USA </div><div>Elizabeth Organ, New York University, USA </div><div>Emily Ryder Perlmeter, Federal Reserve Bank of Dallas, USA </div><div>Keith R. Phillips, Federal Reserve Bank of Dallas, USA </div><div>Michael Plante, Federal Reserve Bank of Dallas, USA </div><div>Kenneth J. Robinson, Federal Reserve Bank of Dallas, USA </div><div>Eduardo Saucedo, The University of Texas-Pan American, USA </div><div>John Saving, Federal Reserve Bank of Dallas, USA </div><div>Christopher Slijk, Federal Reserve Bank of Dallas, USA </div><div>Elizabeth Sobel Blum, Federal Reserve Bank of Dallas, USA </div><div>Marta Tienda, Princeton University, USA </div><div>Louis Bernardo Torres Ruiz, Texas A&M University, USA </div><div>Alan D. Viard, American Enterprise Institute, USA </div><div>Mine K. Yücil, Federal Reserve Bank of Dallas, USA</div></div>

Back cover copy

Texas' economic growth has consistently outpaced that of the United States as a whole over the past quarter century. What accounts for the state's economic success? And does it come at a price to be paid in the future? <em>Ten-Gallon Economy</em>features new research on regional economic growth and some surprising findings on Texas' unique tax and banking institutions, booming energy and export sectors, vibrant labor market, expanding demographics and human capital, and growing border economy. Texas has a dynamic economy, large yet flexible, but it is still subject to the booms and busts of the energy sector, which exercises an outsized influence. Taxes are low but regressive relative to national benchmarks, which fuels growth but can inhibit investment in education and health. Meanwhile, Texas, as one of only five minority-majority states, is poised to reap a big demographic dividend if it invests wisely in the coming generation of mostly Latino workers. Taken together, the chapters in this volume provide unique insight into the economy of the nation's second-largest state, laying out some of the choices facing policymakers charged with safeguarding the Texas growth premium for future generations. 