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Ten-Gallon Economy

Sizing Up Economic Growth in Texas

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? Ten-Gallon
Economy
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.

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Benachrichtigung

Autoreninformationen

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.

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.

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.


Jordana Barton, Federal Reserve Bank of Dallas, USA
Roberto Coronado, Federal Reserve Bank of Dallas, USA
Marycruz de León, Federal Reserve Bank of Dallas, USA
John V. Duca, Federal Reserve Bank of Dallas, USA
Christina English, Equal Employment Advisory Council, USA
Amy Jordan, Federal Reserve Bank of Dallas, USA
Kory Killgo, Federal Reserve Bank of Dallas, USA
Anil Kumar, Federal Reserve Bank of Dallas, USA
Nicole Lake, Blue Cross Blue Shield, USA
Melissa Lopalo, Federal Reserve Bank of Dallas, USA
Raquel R. Márques, Federal Reserve Bank of Dallas, USA
David Neumark, University of California, Irvine, USA
Elizabeth Organ, New York University, USA
Emily Ryder Perlmeter, Federal Reserve Bank of Dallas, USA
Keith R. Phillips, Federal Reserve Bank of Dallas, USA
Michael Plante, Federal Reserve Bank of Dallas, USA
Kenneth J. Robinson, Federal Reserve Bank of Dallas, USA
Eduardo Saucedo, The University of Texas-Pan American, USA
John Saving, Federal Reserve Bank of Dallas, USA
Christopher Slijk, Federal Reserve Bank of Dallas, USA
Elizabeth Sobel Blum, Federal Reserve Bank of Dallas, USA
Marta Tienda, Princeton University, USA
Louis Bernardo Torres Ruiz, Texas A&M University, USA
Alan D. Viard, American Enterprise Institute, USA
Mine K. Yücil, Federal Reserve Bank of Dallas, USA

Inhaltsverzeichnis

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

Produktdetails

EAN / 13-stellige ISBN 978-1137530172
10-stellige ISBN 1137530170
Verlag Palgrave Macmillan US
Imprint Palgrave Macmillan
Sprache Englisch
Auflage 1. Auflage im Jahr 2015
Anmerkungen zur Auflage 1st ed. 2015
Editionsform Non Books / PBS
Einbandart E-Book
Typ des digitalen Artikels PDF
Copyright PDF Watermark
Erscheinungsdatum 1. September 2015
Seitenzahl 248
Beilage eBook
Warengruppe des Lieferanten Sozialwissenschaften - Wirtschaft
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