New tools for analyzing the Mexican economy: indexes of coincident and leading economic indicators
New composite indexes presented in this article could prove useful in analyzing and forecasting the Mexican economy. Keith Phillips, Lucinda Vargas, and Victor Zarnowitz present composite indexes of leading and coincident indexes for Mexico. In constructing the indexes, the economists use an approach similar to that developed by the National Bureau of Economic Research to create the composite indexes of U.S. economic activity. The authors classify peaks and troughs in the Mexican business cycle since 1980. Using these business cycle turning points, the authors determine which indicators ...
An econometric analysis of U.S. oil demand
The Texas construction sector: the tail that wagged the dog
The boom-to-bust days of the Texas construction industry will linger in people's memory for many years. D'Ann Petersen, Keith Phillips, and Mine Yucel examine the factors that led to the rise and fall of the Texas construction industry and determine the role the industry played in the state's volatile economy during the 1970s and 1980s. ; Petersen, Phillips, and Yucel employ an econometric model to analyze the roles residential and nonresidential construction played in the state's economic fluctuations from 1976 through 1990. The authors find that, although large swings in oil prices were the ...
Full steam ahead for Texas ports
Lower Oil Prices, Tight Labor Markets to Restrain Texas Growth in 2019
Texas' economy should expand in 2019, though at a slower rate than in the prior year. A decline in oil prices in late 2018, tight labor markets and the possibility of restrictive U.S. trade and tariff policies weigh on the outlook for the state.
Snapshot: Texas Employment Estimate Debuts
The Federal Reserve Bank of Dallas’ new Texas Weekly Employment Estimate (TWEE) is a timely tool to monitor evolving economic conditions while awaiting release of the U.S. Bureau of Labor Statistics’ establishment survey of employment.
Efficient methods to achieve clean air
Texas Economy Grows Strongly Despite Mounting Supply-Chain Woes, Worker Shortages
Continued growth in the national economy, strong increases in Texas leading indicators and high oil futures prices suggest continued strong job growth for the remainder of the year and into 2022.
Once-Oil-Dependent Texas Economy to Keep Growing as Renewable Energy Expands
The negative environmental impacts of global warming have motivated the beginnings of a global transition from traditional fossil fuels to renewable energy.