Ten-Gallon Economy [electronic resource] : Sizing Up Economic Growth in Texas /
Orrenius, Pia M.editor.
Cañas, Jesús.editor.
Weiss, Michael.editor.
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 Economyfeatures 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. .
Description based upon print version of record.
Includes bibliographical references and index.
Introduction -- Tipping our hats to the ten-gallon economy / Pia M. Orrenius, Jesús Cañas and Michael Weiss -- Public policy and business climate -- Increasing jobs and income from work : the role and limitations of public policy / David Neumark -- Why Texas grows faster : the role of smaller government / Jason Saving -- The shortcomings of the Texas margin tax / Alan D. Viard -- Human capital and labor markets -- Texas' education challenge : a demographic dividend or bust? / Marta Tienda -- Oil boom lowers human capital investment in Texas / Anil Kumar -- Employment growth and labor market polarization in the U.S. and Texas / Melissa LoPalo and Pia M. Orrenius -- Industry and exports -- Texas real estate : from the 1980s oil bust to the shale oil boom / John V. Duca, Michael Weiss and Elizabeth Organ -- The evolution of Texas banking / Kory Killgo and Kenneth J. Robinson -- The impact of changing energy prices on the Texas economy / Mine K. Yücel, Michael Plante, Amy Jordan and Nicole Lake -- Texas comparative advantage and manufacturing exports / Jesús Cañas, Luis Bernardo Torres Ruiz and Christina English -- Border and economic development -- So close to Mexico : economic spillovers along the Texas-Mexico border / Roberto Coronado, Marycruz De León and Eduardo Saucedo -- Border economic recovery lags rest of state / Keith R. Phillips and Christopher Slijk -- Las colonias along the Texas-Mexico border / Jordana Barton, Elizabeth Sobel Blum, Emily Ryder Perlmeter and Raquel R. Márquez.
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 Economyfeatures 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. .
Industrial organization.
Development economics.
Regional economics.
Spatial economics.
Energy policy.
Energy and state.
Macroeconomics.
Economic growth.
Industrial Organization.
Development Economics.
Regional/Spatial Science.
Energy Policy, Economics and Management.
Macroeconomics/Monetary Economics//Financial Economics.
Economic Growth.