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Keywords:economic development 

Revitalizing New England cities: remarks at The Governor's Academy Tenth Annual Boston Business Leaders Luncheon in Boston, Massachusetts, April 10, 2018

The topic of this presentation was the Working Cities Challenge.
Speech , Paper 130

Economic Development and the Evolution of Mortality

Since 1960, the gap in GDP per capita between rich and poor countries has remained wide. Yet the gap in death rates has practically vanished during that period.
On the Economy

Journal Article
Mapping Our Community: Philanthropic Grant Funding for Community and Economic Development in the Third District

Along with public sources of funding, philanthropic capital can be a critical source of support for the community and economic development (CED) work of nonprofit organizations. Research by the Federal Reserve Banks of Philadelphia and Atlanta examined CED grants disbursed to recipients in U.S. metro areas between 2008 and 2013, and identified characteristics that help to explain the ability of certain metro areas to attract more philanthropic funding than others. The authors examined grants for more traditional CED projects (e.g., housing rehabilitation, urban development, financial ...
Cascade , Volume 4

Recent growth of professional services jobs favors select Texas counties

Professional services jobs have grown faster in Texas than in the U.S. since 2020, partly because of business relocations to the state. This expansion has been highly geographically clustered, with 10 of Texas’ 254 counties accounting for more than 92 percent of the statewide growth.
Dallas Fed Economics

Journal Article
Development bank funds border infrastructure to aid U.S.–Mexico trade

Calixto Mateos, former managing director of the North American Development Bank, discusses his work at the NADBank and its role enhancing trade.
Southwest Economy

Working Paper
The Economic Impact of a Casino Monopoly: Evidence from Atlantic City

New Jersey voters approved legalized gambling for Atlantic City in a 1976 referendum, making it the second state after Nevada in 1931. The state explicitly leveraged the city's regional monopoly, which it held from 1978 through 1992, on casinos east of the Mississippi River as an economic development strategy to revive the blighted seaside resort town. The literature on the economic development effects of casinos suggests that sparsely populated areas without nearby competing gambling venues tend to benefit the most. Using a difference-in-differences approach, I model the economic impact of ...
Working Paper , Paper 23-07

Working Paper
A New Perspective on the Finance-Development Nexus

The existing literature on financial development focuses mostly on the causal impact of the quantity of financial intermediation on economic development. This paper, instead, focuses on the role of the financial sector in creating securities that cater to the needs of heterogeneous investors. To that end, we describe a dynamic extension of Allen and Gale (1989)?s optimal security design model in which producers can tranche the stochastic cash flows they generate at a cost. Lower tranching costs in that environment lead to capital deepening and raise aggregate output. The implications of lower ...
Working Papers (Old Series) , Paper 1629

High-tech hotspot Austin works to solve labor, housing issues

In the fourth stop on her 360° in 365 Listening Tour, Dallas Fed President Lorie K. Logan met with Austin business and community leaders in January to learn about the area’s strengths, challenges and outlook.
Dallas Fed Economics

Financial-sector foreign direct investment and host countries: new and old lessons

Many of the lessons from foreign direct investment (FDI) research on manufacturing and extractive resource industries are applicable to FDI research on the financial sector. This paper summarizes the main findings and policy themes of FDI research, with a primary focus on the implications of FDI for host countries, especially emerging market economies. I review evidence of technology transfers, productivity spillovers, wage effects, macroeconomic growth, and fiscal and tax concerns. Throughout this paper, I stress that parallel findings often arise from studies of general FDI and studies of ...
Staff Reports , Paper 183

Journal Article
Two Multibanks Help Medical Diagnostics Firm Take Off

The Texas Mezzanine Fund was established in 1999 as a statewide multibank community development corporation by Guaranty Federal Bank, Washington Mutual, Inc. and Jefferson Heritage Bank. The fund originates loans to fast-growing small businesses that don't qualify for traditional bank loans.
e-Perspectives , Volume 1 , Issue 1


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