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Working Paper
Industrial structure and economic complementarities in city pairs on the Texas-Mexico border
The U.S.?Mexico border provides a number of examples of pairs of neighboring cities, one in the U.S. and the other in Mexico. The advent of the North American Industrial Classification System provides a new opportunity to look at these cities using a common industrial classification system. Using U.S. data from the Bureau of Labor Statistics and Bureau of Economic Analysis, and comparable information from the 1999 Mexican economic census, we were able to compare employment by industry sector in city pairs that are located along the Texas?Mexico border: El Paso?Juarez, Laredo?Nuevo Laredo, ...
Journal Article
Spotlight: Texas service sector outlook survey completing the regional economic picture
The service sector drives the Texas economy, accounting for 59 percent of private-sector output and employing close to 7 million workers. Despite the service sector?s prominence, there are no timely state-level gauges of its activity. To fill this regional data gap, the Federal Reserve Bank of Dallas began assembling the Texas Service Sector Outlook Survey (TSSOS) in 2007. After a four-year collection period, the data have been seasonally adjusted, with public release June 1.
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.
Journal Article
Position as Top Exporting State Exposes Texas to Shifting Trade Policy
Texas enjoys a strong position in world trade, benefiting from its comparative advantage in energy-related manufacturing and intermediate goods exports. As the nation?s No. 1 exporting state, Texas faces challenges from shifting trade policies, which tend to erode the cost advantages that benefit the state?s leading sectors globally.
Texas Economic Activity Suddenly Contracts in March; Outlook Worsens Due to COVID-19
The economic downturn in Texas has begun, recent data suggest.
Journal Article
Border benefits from Mexican shoppers
Journal Article
Mexico regulatory change redefines maquiladora
Mexican peso strength noteworthy among emerging markets during Fed tightening
Many emerging-market currencies have depreciated modestly during the Federal Reserve’s tightening cycle that began in March 2022. The Mexican peso, however, outperformed the group during the period.
Journal Article
New Dallas Fed indicator tracks Texas retail sales
A new economic indicator published monthly by the Dallas Fed will provide timely estimates of retail sales in Texas.