|Making a run for the border||Making a run for the border||Bryan Pope||Pope||2017-05-25T05:00:00Z||Economy|
Mexico is Texas' largest trading partner, so it stands to reason that this relationship would have a significant impact on the border region's economy, not to mention the state's. It also stands to reason that we would create a report tracking that region's economic activity.
With our new Texas Border Economy
report, we have. The report, which will focus on El Paso, Laredo, McAllen, and Brownsville, will be issued monthly.
"The border area is one of Texas' major economic regions," said Dr. Luis Torres, a research economist here at the Real Estate Center and one of the authors of the report, "so it's important to know what's happening there. We're the number one exporting state in the country, and a lot of goods and services cross through all these border cities."
Texas Border Economy monitors many of the factors that influence this region's economy, including housing, employment, wages, the peso-per-dollar exchange rate, and, of course, trade.
Center Research Assistant Wes Miller, another of the report's authors, said he noticed two distinctive things about the border region as he was doing research for this publication. One was its reliance on the federal government in terms of jobs and the education system. The other was its reliance on the Mexican economy.
"If the Mexican economy is doing well, then the border communities traditionally do well," Miller said.