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Ten-Gallon Economy : Sizing Up Economic Growth in Texas (Hardcover)

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Texas' economic growth has consistently outpaced that of the US 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 is a dynamic economy, large yet flexible, but 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 before policymakers charged with safeguarding the Texas growth premium for future generations.
Texas' economic growth has consistently outpaced that of the US as a whole over the last two and a half decades. 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 is a dynamic economy, large yet flexible, but still subject to the booms and busts of the energy sector, which has an outsized influence on growth. Taxes are low but regressive relative to national benchmarks, which fuels growth but can hamper investment in education and health. Meanwhile, Texas is one of only five minority-majority states, 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 before policymakers charged with safeguarding the Texas growth premium for future generations.

Number of Pages: 248
Genre: Business + Money Management
Sub-Genre: Development / Economic Development, Urban + Regional, Economic Conditions
Format: Hardcover
Publisher: Palgrave Macmillan
Language: English
Street Date: September 29, 2015
TCIN: 46770024
UPC: 9781137530165
Item Number (DPCI): 247-52-0591

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