Search Results
Journal Article
Tourism and recreation a bright spot in the Big Bend region
Although challenges exist for the Big Bend region, bullish cattle prices, Mexico?s reforms, the energy boom in the Permian Basin and a stronger U.S. economy all bode well for the tricounty area. Furthermore, tourism and recreation provide the region a new avenue of growth.
Journal Article
U.S.–Mexico manufacturing: back in the race?
After joining the World Trade Organization, China made great strides in global manufacturing. But in recent years, manufacturing has shifted back to North America, and in some sectors, Mexico has a clear advantage over China. North America?s improved manufacturing outlook bodes well for the U.S.?Mexico border region.
Journal Article
U.S., Mexico deepen economic ties
Working Paper
Factors behind the convergence of economic performance across U.S. states
The rolling recessions of the 1970s and 1980s were characterized by industry and region specific shocks that led to large dispersions in the economic performance of regions across the U.S. The 1970s were primarily impacted by sharply rising energy prices that hit the manufacturing states hard while stimulating growth in the energy states.> ; The 1980s began with declines in the Farm Belt, followed by declines in the Energy Belt, the Rust (manufacturing) Belt, and finally, due to declines in defense spending, a decline in the Gun Belt. Simple measures of regional dispersion such as the ...
Journal Article
Framing the future: tomorrow's border economy
Journal Article
Maquiladora industry: past, present and future
Working Paper
Business cycles and remittances: can the Beveridge-Nelson decomposition provide new evidence?
In this paper, I analyze the business cycle properties of remittances and output series for three pairs of countries: United States-Mexico, United States-El Salvador, and Germany-Turkey. Using an unobserved components state-space model (via the Beveridge-Nelson decomposition), I decompose the remittances and output series into stochastic permanent and cyclical components. I then use the resulting stationary cyclical components to estimate co-movements between remittances and output series. Empirical results indicate that remittances are countercyclical with all the home countries: Mexico, El ...
Speech
Regional Economic Update
Dallas Fed Senior Vice President Roberto Coronado delivered a regional economic update at the Workforce Innovation Summit in El Paso.