Mexico’s productivity woes limit nearshoring, growth potential
Industrial policy reform, nearshoring and a deeper Mexico–U.S. partnership could provide tailwinds for Mexican economic growth. Whether Mexico can harness the full potential of such transformative change is less clear.
April 16, 2024
Development bank funds border infrastructure to aid U.S.–Mexico trade
Calixto Mateos, former managing director of the North American Development Bank, discusses his work at the NADBank and its role enhancing trade.
March 22, 2024
Government-funded R&D produces long-term productivity gains
Our estimates indicate that government-funded R&D accounts for roughly one quarter of all business sector productivity growth since World War II, including one quarter of the deceleration in productivity growth since the late 1960s.
February 13, 2024
Research Department Working Papers
Demographic Transition, Industrial Policies and Chinese Economic Growth
This paper builds a unified framework to quantitatively examine how demographic transition and industrial policies have contributed to China’s economic growth in the past five decades.
February 07, 2024
Brownsville experiencing greatest growth burst ‘in my lifetime’
Texas National Bank President Joe Quiroga, a lifelong resident of the Lower Rio Grande Valley area and Dallas Fed director, discusses the area’s rapid growth and its future prospects.
January 19, 2024
Widening gap between rich and poor poses challenge to U.S.
Economist Jeffrey Fuhrer, a nonresident fellow at the Brookings Institution and former Boston Fed director of research, discusses the nation’s income and wealth gaps and offers proposals to close them. Fuhrer’s recently published book, “The Myth that Made Us,” explores inequalities in the nation’s economic system.
December 13, 2023
Redevelopment helps revitalize Southern Dallas
Dallas Fed President Lorie Logan's 360° in 365 Listening Tour is taking her to communities all around the Eleventh Federal Reserve District to deepen her understanding of the region’s people and economy.
December 01, 2023
Korea, Japan growth experiences suggest China’s economy to slow in next 20 years
The Chinese economy has grown at an unprecedented pace since the 1980s. However, the pace of growth is likely to slow as China’s economy matures because of its demographic structure and its increasing proximity to economic and technological frontiers.
November 14, 2023
Research Department Working Papers
Complementary Currencies and Liquidity: The Case of Coca-Base Money
In coca-growing villages of Colombia, where pesos are scarce, coca-base is not only used as the main input for cocaine production—it also acts as a complementary currency (CC), circulating locally as a medium of exchange for day-to-day transactions. This paper provides a clear rationale for the economically-motivated adoption of a CC in a small open economy underprovided with official currency.
June 21, 2023
Recent growth of professional services jobs favors select Texas counties
Professional services jobs have grown faster in Texas than in the U.S. since 2020, partly because of business relocations to the state. This expansion has been highly geographically clustered, with 10 of Texas’ 254 counties accounting for more than 92 percent of the statewide growth.
May 16, 2023