IDEAS home Printed from https://ideas.repec.org/a/fip/feddse/y2009iq1p10-1416n1.html
   My bibliography  Save this article

Keys to economic growth: what drives Texas?

Author

Listed:
  • Jason L. Saving

Abstract

Texas continued to grow after the nation sank into recession in December 2007. Staying up so long in down times adds to the state's reputation for superior economic performance. For the past 40 years, employment has consistently grown faster in Texas than the U.S.--by 1 percentage point a year on average. ; In looking at the drivers of economic growth, recent research has put increasing emphasis on human capital and institutions, such as taxes and public spending. These factors partly explain why some U.S. states and regions have managed to maintain business climates conducive to faster growth. ; Various studies have tied Texas' edge over the rest of the nation to such advantages as low tax burdens and flexible labor markets. The challenge will be to preserve these features while positioning the state to compete in a more knowledge-intensive economy. ; Texas faces issues in public finance, education, changing demographics and infrastructure. How the state addresses them will help determine whether it can maintain its edge.>

Suggested Citation

  • Jason L. Saving, 2009. "Keys to economic growth: what drives Texas?," Southwest Economy, Federal Reserve Bank of Dallas, issue Q1, pages 10-14,16.
    • Handle: RePEc:fip:feddse:y:2009:i:q1:p:10-1416:n:1
    as

    Download full text from publisher

    File URL: https://www.dallasfed.org/~/media/documents/research/swe/2009/swe0901c.pdf
    File Function: Full Text
    Download Restriction: no
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:fip:feddse:y:2009:i:q1:p:10-1416:n:1. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Amy Chapman (email available below). General contact details of provider: https://edirc.repec.org/data/frbdaus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.