By Pia M. Orrenius, Jesús Cañas, Michael Weiss
Ten Gallon economic climate positive factors new study on local monetary development and a few staggering findings on Texas' targeted tax and banking associations; booming strength and export sectors; bright exertions marketplace; increasing demographics and human capital; and turning out to be border economic climate.
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Additional info for Ten-Gallon Economy: Sizing Up Economic Growth in Texas
Example text
1). 5 percent. 4 percent. 6 percent. Taken together, this works out to about a 1 percentage point growth advantage over the nation since 1960. The recent oil boom and Texas’ avoidance of a housing bust have been offered as ways to explain Texas’ recent strength. But these factors—while undeniably contributing to Texas’ economic resilience over the past few years—cannot account for a consistent growth advantage over 50 years. What explains the longer-term growth trends? Reasons typically given are a business-friendly public policy climate and a smaller-than-average state government.
8 billion for California (Kazmierczak, Guvensoylar, and Davenport 2014). 3 Texas Leads Nation in Exports Since 2002. Notes: Data are seasonally adjusted, expressed in 2014 dollars, and refer to quarterly exports. Numbers in the figure denote 2nd quarter 2014 exports. Sources: US Census Bureau; WISER. 1057/9781137530172 - Ten-Gallon Economy, Edited by Pia M. com - licensed to Wilfrid Laurier University - PalgraveConnect - 2016-01-21 36 Jason Saving Why Texas Grows Faster 37 Texas’ largest single trading partner, a majority of the state’s exports flow to other countries, with the fastest-growing export share belonging to China.
Note: The number of children refers to the number of eligible children in the tax unit. DocID=36&Topic2id=40& Topic3id=42. 1057/9781137530172 - Ten-Gallon Economy, Edited by Pia M. com - licensed to Wilfrid Laurier University - PalgraveConnect - 2016-01-21 24 David Neumark eligible children. The subsidy and maximum payment is trivial for those without children, but both are much higher for those with children. For example, for a family with two children, in 2014 the maximum credit that could be earned was $5,460; over the first $13,650 in earnings, this represents a 40 percent subsidy to earnings.