AUSTIN – The Texas Public Policy Foundation’s Economist Dr. Vance Ginn issued this statement today on the U.S. Census Bureau’s Foreign Trade report:
“Today’s report further clarified the diversity of the Texas economy as it again tops the nation in exports for the 14th consecutive year. Although the lower oil price contributed to a substantial drop in exports to foreign countries in 2015, Texas’ other vibrant industries led to $251 billion in exports, which was $86 billion more than the second highest total in California,” said Dr. Ginn. “The Texas model supported by a well-diversified economy benefited by high levels of international trade and pro-growth policies must be continued to empower Texans to achieve their hopes and dreams.”
Vance Ginn, Ph.D. is an Economist in the Center for Fiscal Policy at the Texas Public Policy Foundation.
The Texas Public Policy Foundation is a non-profit, free-market research institute based in Austin, Texas.