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Journal Article
Spotlight: border health care: booming industry creates jobs faster than state
The Texas cities along the Mexican border have sustained relatively strong job growth in recent years. A key factor has been a booming health care industry, driven by rising population and the large share of the population covered by government-sponsored health insurance.
Journal Article
College pays dividends - more so in Texas than U.S.
Economic research confirms what parents have been telling their children for generations: College education pays off in higher earnings. Indeed, the gains from earning a college degree have been rising over the past quarter century--in both the nation and Texas. ; Supply and demand go a long way toward explaining rapid increases in the college premium since the 1980s. Texas' faster increases suggest demand growth has outpaced supply growth by a wider margin in the state than the nation.
Journal Article
Keys to economic growth: what drives Texas?
Texas continued to grow after the nation sank into recession in December 2007. Staying up so long in down times adds to the state's reputation for superior economic performance. For the past 40 years, employment has consistently grown faster in Texas than the U.S.--by 1 percentage point a year on average. ; In looking at the drivers of economic growth, recent research has put increasing emphasis on human capital and institutions, such as taxes and public spending. These factors partly explain why some U.S. states and regions have managed to maintain business climates conducive to faster ...
Journal Article
Spotlight: Imports and Exports: Container trade thriving in Texas
The real value of trade processed through Texas ports grew at nearly twice the national pace. Rapid growth in trade with Asia implies that containerized shipping--the movement of goods by standardized intermodal cargo containers--will play an increasingly prominent role. ; As container shipments to Texas increase, the need to transport containerized goods from West Coast ports by rail or truck will decrease. The comparative efficiency of shipping by sea is well noted. Further efficiencies will likely be realized through economies of scale as larger ships pass through the expanded Panama ...
Journal Article
Growth on the border or bordering on growth ?
Journal Article
Concentrated poverty in the eleventh district
This issue of Banking and Community Perspectives analyzes the dynamics of concentrated poverty in rural and urban settings.
Journal Article
Why Texas feels less subprime stress than U.S.
Differences in economic factors and mortgage characteristics give the state a lower delinquency rate.
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.
Journal Article
Noteworthy: Texas trade: exports take a turn for the worse
Exports have gone from a source of strength to a drag on the Texas economy. The state's real exports declined nearly 20 percent from their peak in second quarter 2008 through first quarter 2009, ending a five-year growth spurt.
Journal Article
Will new business tax dull Texas' competitive edge?
In today's global economy, high corporate tax rates are more harmful than ever because it has become easier for mobile productive resources to cross borders in search of more favorable business climates. ; Nations seem quite aware of this. The European Union's corporate tax rates have fallen by a third over the past decade, with five member states making cuts in 2006 alone. Asian nations, too, have responded to global competition by reducing the tax bite on business. In fact, all members of the Organization for Economic Cooperation and Development impose lower corporate tax rates than they ...