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Ten-Gallon Economy

Sizing Up Economic Growth in Texas

  • Editors
  • Pia M. Orrenius
  • Jesús Cañas
  • Michael Weiss

Table of contents

  1. Front Matter
    Pages i-xvii
  2. Introduction

    1. Front Matter
      Pages 1-1
    2. Pia M. Orrenius, Jesús Cañas, Michael Weiss
      Pages 3-11
  3. Public Policy and Business Climate

  4. Human Capital and Labor Markets

  5. Industry and Exports

    1. Front Matter
      Pages 107-107
    2. John V. Duca, Michael Weiss, Elizabeth Organ
      Pages 109-118
    3. Kory Killgo, Kenneth J. Robinson
      Pages 119-137
    4. Mine K. Yücel, Michael Plante, Amy Jordan, Nicole Lake
      Pages 139-158
    5. Jesús Cañas, Luis Bernardo Torres Ruiz, Christina English
      Pages 159-179
  6. Border and Economic Development

    1. Front Matter
      Pages 181-181
    2. Roberto Coronado, Marycruz De León, Eduardo Saucedo
      Pages 183-198
    3. Keith R. Phillips, Christopher Slijk
      Pages 199-212
    4. Jordana Barton, Emily Ryder Perlmeter, Elizabeth Sobel Blum, Raquel R. Márquez
      Pages 213-229
  7. Back Matter
    Pages 231-248

About this book

Introduction

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. 

Keywords

Texas banking educational challenge wage polarization border development Regional growth small government business climate franchise tax educational attainment comparative advantage exports energy oil and gas sector oil boom oil bust colonias border economy labor market polarization income inequality job growth development Economic Development economic growth Export growth labor market Oil and Gas Regional Growth

Bibliographic information