Research Library

David A. Gantz, the Will Clayton Fellow in Trade and International Economics, analyzes a wide range of factors — including the U.S.-China trade war, the entry into force of the United States Mexico Canada Agreement (USMCA) and the COVID-19 pandemic — that are all contributing to the pressure on the U.S. to decouple from China and to shift supply chains back to North America.

When President-elect Joe Biden assumes office in January, he will be compelled to deal with the most important and ferociously complicated geopolitical question the United States faces today: how to manage its relations with China. Fellow Joe Barnes explains how the U.S.-China situation differs from the Cold War dynamic, and how the U.S. will best be served in the years ahead. Read more at the Baker Institute Blog.

Many economists are concerned that automation will result in a loss of jobs. This work shows that is not the issue, and that the two main effects of automation are increased inequality and economic growth.

Public finance fellow Jorge Barro examines the Federal Reserve’s aggressive financial market response to the Covid-19 pandemic and asserts that without its use of unconventional policy tools, adverse outcomes could have spread to other areas of the economy, disproportionately impacting low-income households.

In a comprehensive update to their 2014 study on the future of American innovation, the Baker Institute and the American Academy of Arts and Sciences conclude that significant policy and funding actions are required to ensure the U.S. does not lose its preeminent position in discovery and innovation.

On September 16, energy fellow Michelle Michot Foss provided an overview of the role of critical minerals in creating a clean economy during testimony before the U.S. House of Representative's Subcommittee on Environment and Climate Change. She also discussed the challenges associated with energy transitions, including import dependency and considerations for meeting environment, social and governance (ESG) goals.

In this paper, authors examine the concerns raised by a new wealth tax and analyze the economic effects of the tax using a computable general equilibrium model.

Gabriel Collins, the Baker Botts Fellow in Energy & Environmental Regulatory Affairs, analyzes the impact of China’s emerging demographic decline, debt burden and increasingly likely structural economic growth downshift on global oil and gas markets.

Rather than offer a forecast that may overstate or understate Covid-19's impact on the U.S. and global economy, the authors highlight what to look for as the pandemic progresses, recedes or oscillates.

In this series of papers, the authors argue that Texas has a comparative advantage when it comes to implementing CCUS technologies, given the volume of CO2 emissions from industrial activity, the amount of oil and gas production, the scale of geologic storage potential, and the breadth of engineering and subsurface expertise in the state. Lawmakers and regulators can help facilitate the development of a robust CCUS industry in the state by addressing existing legal and regulatory uncertainties and by carefully considering pathways that can establish Texas as a leader in a low carbon energy future.