In 1987, Texas exported $25 billion worth of merchandise to foreign countries. Twenty-six percent, or $6.5 billion, of … those exports went south to Mexico. By 1994, Texas merchandise exports to Mexico had grown to more than $18.5 billion per … year (in 1987 constant dollars). Texas merchandise exports to Mexico (in real terms) have grown more than 10 percent a year …

Texas industry employment. They find that while a few industries are moderately sensitive to interest rate movements, most … Texas industries are insensitive to changes in real interest rates. Moreover, they find that Texas total nonagricultural … influence the composition of Texas employment rather than its level. …