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Federal Aid Helps Border Keep Pace with Texas Economy During Pandemic Turmoil
U.S. pandemic relief policies boosted the border economy, helping it keep pace with state growth. The restoration of trade with Mexico and a surprise migration surge also supported more-recent border economic activity.
Journal Article
Trade, manufacturing put Mexico back on track in 2004
Journal Article
Recession arrives in Texas: a rougher ride in 2009
Through much of 2008, the Texas economy continued to expand while the nation fell into recession. Growth in the energy and high-tech sectors and rising home prices were key factors in making Texas' economy one of the nation's strongest. ; In the last half of the year, however, the state's economic conditions deteriorated rapidly. The weakening was primarily due to the deepening global financial crisis and sharp declines in energy prices, high-tech activity and exports. ; Indicators suggest Texas trailed the official December 2007 start of the U.S. recession by at least six months. So far, the ...
Conference Paper
Commentary on session III: U.S.-Mexico remittances: recent trends and measurement issues
Summary and discussion of the three papers in this session: "Leveraging remittances for development" by Dilip Ratha; "Remittances and their microeconomic impacts: evidence from Latin America" by Catalina Amuedo-Dorantes; and "The relationship between international migration, trade, and development: some paradoxes and findings" by J. Edward Taylor. ; The rest of this commentary explores recent trends in U.S.-Mexico remittances, explaining how they are measured and comparing them with forecasts of remittances based on an econometric model and with trends in other developing countries.
Journal Article
Is the recession over in El Paso?
In December 2007, the U.S. economy entered a mild recession, a downturn that would ultimately trigger the worst financial crisis since the Great Depression and a fall into one of the longest and deepest recessions of the past 60 years. Growth returned to the U.S. in mid-2009 but remains too slow to make inroads into stubbornly high unemployment. Virtually no geographic area of the country was left untouched by the U.S. downturn, including El Paso, although the local economy performed much better than other border cities, such as McAllen, Brownsville and Laredo. Government-related spending, ...
Journal Article
Go Figure: Remittances to Central America Soar
Journal Article
Explaining the increase in remittances to Mexico
Journal Article
Spotlight: Mexico's Fiscal Reform Earns Mixed Reviews
To compensate for the lack of tax collection to fund government, Mexico has depended heavily on its state-owned oil company, Pemex. Thus, when oil production began declining in 2004, fiscal reform gained urgency.
Texas firms use AI with little employment impact so far
Learning how businesses use artificial intelligence (AI) helps policymakers understand changing economic conditions, particularly involving employment and productivity.