Texas high tech shakes off post-pandemic slump, readies new growth path
Texas is poised to lead in new advanced technologies, notably artificial intelligence (AI) and semiconductor manufacturing.
May 03, 2024
Research Department Working Papers
Estimating Macroeconomic News and Surprise Shocks
This paper examines the ability of the state-of-the-art VAR approach in Kurmann and Sims (2021) to identify responses to TFP news shocks and possibly surprise shocks in theory and practice.
March 22, 2024
Research Department Working Papers
A Narrative Analysis of Federal Appropriations for Research and Development
This paper provides a narrative analysis of postwar federal appropriations for the research and development (R&D) activities of the Department of Defense, Department of Energy, National Aeronautics and Space Administration, National Institutes of Health and National Science Foundation—five agencies that consistently account for the vast majority of federal outlays for all types of R&D.
December 21, 2023
Research Department Working Papers
The Returns to Government R&D: Evidence from U.S. Appropriations Shocks
Based on a narrative classification of all significant postwar changes in R&D appropriations for five major federal agencies, this paper finds that an increase in nondefense R&D appropriations leads to increases in various measures of innovative activity and higher business-sector productivity in the long run.
December 21, 2023
Mexican IT services firm pitches ‘nearshoring’ as alternative to overseas ties
Softek chief executive Beni Lopez discusses the competitive challenges the firm faces in the North American market, where many of the world’s leading tech services firms are based, and the genesis of the company’s nearshoring strategy.
July 07, 2023
Energy transition means more than just additional electric vehicles
Dallas Fed economist David Rapson discusses the challenges of moving away from a fossil-fuel-dependent economy.
May 05, 2023
Southwest Economy, Fourth Quarter 2022
Texas economy rides wave of changing technology and diffusion of know-how
Data on patents and employment show that Texas is a major center of innovation and high-tech employment.
December 22, 2022