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• W2215804583 abstract "E ven with a legacy of cultural differences as varied as their native cuisines, Texas and Louisiana still have much in common. They are geographically contiguous, a roughly 240-mile border running between them, and they adjoin the Gulf of Mexico, from which some of the nation’s busiest ports operate. They share a geology that begins in East Texas and extends through Louisiana, with vast deposits of fossil fuels and a regional topography that doesn’t rise much above sea level. They also share a few historical traits, having been under the rule of many of the same entities, including Spain and the Confederacy. Yet the states are perceived in radically different ways. Texas is often depicted as a fast-growing paragon of economic wherewithal, a hotbed of entrepreneurial initiative and opportunity. Louisiana is much less frequently described in such terms, though it’s lauded for its unique culture and customs. Economic and population statistics point up their differences. More than five Louisianas (52,271 square miles) could fit into one Texas (268,820 square miles). While Texas is the nation’s second-most populous state (and growing), with 26.1 million residents as of 2012, Louisiana is 25th-most populous, with 4.6 million people, a base it has struggled to expand since Hurricane Katrina struck in 2005. Texas’ economic output, reflected in its real gross domestic product, has more than doubled since 1990; Louisiana’s is just one-third larger over the period (Chart 1). Texans’ well-being has improved relatively more, with personal income rising 42 percent since 2000 versus 33 percent next door. Income growth accelerated in Texas beginning in 2010, coinciding with expanding shale oil and gas exploration. Until 2010, personal income in the two states grew similarly—sometimes more in one than in the other, as in Texas during the 12 months immediately after Hurricane Katrina and in Louisiana during the year after that as rebuilding took hold. In the last 30 years, as energy boomed, busted and boomed again, Texas diversified economically into the service sector and “knowledge” fields such as information technology; Louisiana largely stayed the course, albeit while overcoming the devastation of Katrina, one of the worst natural disasters to hit the U.S. The shale energy revolution, providing new exploration and resource opportunities for both states, may offer Louisiana a new economic impetus for accelerated growth. As is often the case, broad-brush overviews, while providing useful perspective, may overlook some subtleties." @default.
• W2215804583 created "2016-06-24" @default.
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• W2215804583 date "2013-01-01" @default.
• W2215804583 modified "2023-09-24" @default.
• W2215804583 title "Barbecue vs. gumbo: economic traits tie neighboring Texas and Louisiana" @default.
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