Ten-Gallon Economy
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Texas' economic growth has consistently outpaced that of the United States as a whole over the past quarter century. What accounts for the state's economic success? And does it come at a price to be paid in the future? Ten-Gallon Economy features new research on regional economic growth and some surprising findings on Texas' unique tax and banking institutions, booming energy and export sectors, vibrant labor market, expanding demographics and human capital, and growing border economy. Texas has a dynamic economy, large yet flexible, but it is still subject to the booms and busts of the energy…mehr

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Produktbeschreibung
Texas' economic growth has consistently outpaced that of the United States as a whole over the past quarter century. What accounts for the state's economic success? And does it come at a price to be paid in the future? Ten-Gallon Economy features new research on regional economic growth and some surprising findings on Texas' unique tax and banking institutions, booming energy and export sectors, vibrant labor market, expanding demographics and human capital, and growing border economy. Texas has a dynamic economy, large yet flexible, but it is still subject to the booms and busts of the energy sector, which exercises an outsized influence. Taxes are low but regressive relative to national benchmarks, which fuels growth but can inhibit investment in education and health. Meanwhile, Texas, as one of only five minority-majority states, is poised to reap a big demographic dividend if it invests wisely in the coming generation of mostly Latino workers. Taken together, the chapters in this volume provide unique insight into the economy of the nation's second-largest state, laying out some of the choices facing policymakers charged with safeguarding the Texas growth premium for future generations.
Autorenporträt
Pia M. Orrenius is Vice President and Senior Economist at the Federal Reserve Bank of Dallas, USA, where she leads the regional group that tracks economic growth and development in the Eleventh District. Orrenius has published extensively on the Texas economy, immigration, and labor markets, and is Executive Editor of the Dallas Fed publication Southwest Economy.  Jesús Cañas is Business Economist at the Federal Reserve Bank of Dallas, USA. As member of the regional group he analyzes the regional economy. His research at the Fed also focuses on issues pertaining to the Mexican economy, the U.S.-Mexico border economy, and the maquiladora industry. Cañas has written articles for various Federal Reserve Bank publications and academic journals such as Annals of Regional Science and Growth and Change. Cañas holds a BA in Economics and Finance and an MS in Economics from the University of Texas at El Paso, USA. Michael Weiss is Senior Writer/Editor in the Research Department of the Federal Reserve Bank of Dallas, USA, and edits the quarterly, Southwest Economy. He holds an MBA in Finance from the University of Texas at Arlington, USA, an MS in Journalism from Columbia University, USA, and a BA in Public Affairs from The University of Chicago, USA. Jordana Barton, Federal Reserve Bank of Dallas, USA  Roberto Coronado, Federal Reserve Bank of Dallas, USA  Marycruz de León, Federal Reserve Bank of Dallas, USA  John V. Duca, Federal Reserve Bank of Dallas, USA  Christina English, Equal Employment Advisory Council, USA  Amy Jordan, Federal Reserve Bank of Dallas, USA  Kory Killgo, Federal Reserve Bank of Dallas, USA  Anil Kumar, Federal Reserve Bank of Dallas, USA  Nicole Lake, Blue Cross Blue Shield, USA  Melissa Lopalo, Federal Reserve Bank of Dallas, USA  Raquel R. Márques, Federal Reserve Bank of Dallas, USA  David Neumark, University of California, Irvine, USA  Elizabeth Organ, New York University, USA  Emily Ryder Perlmeter, Federal Reserve Bank of Dallas, USA  Keith R. Phillips, Federal Reserve Bank of Dallas, USA  Michael Plante, Federal Reserve Bank of Dallas, USA  Kenneth J. Robinson, Federal Reserve Bank of Dallas, USA  Eduardo Saucedo, The University of Texas-Pan American, USA  John Saving, Federal Reserve Bank of Dallas, USA  Christopher Slijk, Federal Reserve Bank of Dallas, USA  Elizabeth Sobel Blum, Federal Reserve Bank of Dallas, USA  Marta Tienda, Princeton University, USA  Louis Bernardo Torres Ruiz, Texas A&M University, USA  Alan D. Viard, American Enterprise Institute, USA  Mine K. Yücil, Federal Reserve Bank of Dallas, USA
Rezensionen
"Ten-Gallon Economy is a timely volume on the important forces shaping the dynamic Texas economy over the past decade and more. The invited articles touch on the myriad drivers of the state's rapid growth (energy, exports, low taxes), but they also focus on the challenges that need addressing if Texas is to remain vibrant. The volume is not a compendium of Texas boosterism but rather of clear-eyed research and recommendations to assure future economic success for all Texans."

- Kathleen Cooper, Director of International Politics and Economics, Tower Center, Southern Methodist University, USA; former Under Secretary for Economic Affairs, US Department of Commerce; Chief Economist, Exxon Mobil Corporation

"Rather than providing simply an overview of Texas' 'oil economy,' Ten-Gallon Economy examines the people and socioeconomic conditions as well as the energy and non-energy components of the state's economy in the past, present, and future. This book is a must-read thatwill be both informative and enlightening for anyone interested in how we got here and the road forward."

- Steve Murdock, Allyn and Gladys Cline Professor of Sociology, Rice University, USA; former Director of the US Census Bureau

"We have a responsibility to turn our diversity into strength. The effective deployment of human capital has never offered greater promise than it does today. Ten Gallon Economy outlines the choices we face and the rewards we can fully realize only by addressing our growing education needs. We must always evaluate what our real-world options are; change is the one constant. Ten Gallon Economy's research and analysis provides invaluable insight in these challenging times."

- Renu Khator, Chancellor, University of Houston, USA

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