Description
Book SynopsisTexas' economic growth has consistently outpaced that of the United States as a whole over the past quarter century.
Trade Review"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 that will 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
Table of ContentsPART I: INTRODUCTION
1. Tipping Our Hats to the Ten-Gallon Economy; Pia M. Orrenius, Jesús Cañas, Michael Weiss
PART II: PUBLIC POLICY AND BUSINESS CLIMATE
2. Increasing Jobs and Income from Work: The Role and Limitations of Public Policy; David Neumark
3. Why Texas Grows Faster: The Role of Smaller Government; Jason Saving
4. The Shortcomings of the Texas Margin Tax; Alan D. Viard
PART III: HUMAN CAPITAL AND LABOR MARKETS
5. Texas' Education Challenge: A Demographic Dividend or Bust?; Marta Tienda
6. Oil Boom Lowers Human Capital Investment in Texas; Anil Kumar
7. Employment Growth and Labor Market Polarization in the U.S. and Texas; Melissa LoPalo, Pia M. Orrenius
PART IV: INDUSTRY AND EXPORTS
8. Texas Real Estate: From the 1980s' Oil Bust to the Shale Oil Boom; John V. Duca, Michael Weiss, Elizabeth Organ
9. The Evolution of Texas Banking; Kory Killgo and Kenneth J. Robinson
10. The Impact of Changing Energy Prices on the Texas Economy; Mine K. Yücel, Michael Plante, Amy Jordan, Nicole Lake
11. Texas Comparative Advantage and Manufacturing Exports; Jesús Cañas, Luis Bernardo Torres Ruiz, Christina English
PART V: BORDER AND ECONOMIC DEVELOPMENT
12. So Close to Mexico: Economic Spillovers Along the Texas–Mexico Border; Roberto Coronado, Marycruz De León, Eduardo Saucedo
13. Border Economic Recovery Lags Rest of State; Keith R. Phillips and Christopher Slijk
14. Las Colonias Along the Texas–Mexico Border; Jordana Barton, Elizabeth Sobel Blum, Emily Ryder Perlmeter, Raquel R. Márquez
