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 …

In this article, Keith R. Phillips revises the Texas index of leading economic indicators that he introduced two years … Federal Reserve Bank of Dallas has produced the Texas leading index monthly since July 1988. ; Using a newly developed … technique for evaluating leading indexes, Phillips finds that the revised Texas leading index has performed well in predicting …