Local & Regional
Fri February 19, 2010
By Associated Press
Stillwater, OK – OSU study shows economic link between Okla., Texas
STILLWATER, Okla. (AP) An Oklahoma State University study indicates the economic performance of Oklahoma and Texas are linked through trade and that growth in one state results in growth in the other.
Kyle Dean and Russell Evans of OSU's Center for Applied Economic Research led the study. They developed a model to estimate the level of economic interdependency existing along the Interstate 35 corridor linking Oklahoma City to Dallas and Fort Worth.
The study indicates a hypothetical 1 percent increase in the Texas region's gross domestic product will likely result in a $56 million increase in Oklahoma output. And a hypothetical 1 percent increase in the Oklahoma region GDP will likely result in a $173.7 million increase in Texas output.
Copyright 2010 The Associated Press.