Borrowing from an approach that sometimes appears in the finance sections of the popular press, LSGL analysis is a handy and versatile way to compare, portray and classify the patterns of real management of companies and enterprises earnings growth across all of Texas' 254 counties. In finance, this technique is used for comparing and assessing the market performance of individual securities or across industry sectors. For example, the performance of the 30 stocks contained within Dow are compared with one another over the past week in contrast to their performance over the past month using the Dow's respective averages as the points of reference.

Here in this Texas Regional Economic Analysis Project report, we adopt this approach to gauge and compare the real management of companies and enterprises earnings growth of Texas' 254 counties over the latest available year (2022) against the backdrop of their growth over the long term period (2010-2022). In so doing we classify their growth and performance into 4 broad categories: Leading, Slipping, Gaining and Lagging.

This figure displays the 254 counties of Texas as dots on a scattergram, with the vertical axis representing the average annual real management of companies and enterprises earnings growth rate over the long-term period (2010-2022), and the horizontal axis representing the real management of companies and enterprises earnings growth rate for the near-term (2022).

This figure sets apart those counties whose long-term real management of companies and enterprises earnings growth exceeded the statewide average of 10.65%, by portraying them in the top two quadrants demarcated at 10.65% on the vertical axis. County whose long-term average annual real management of companies and enterprises earnings growth rate trailed the statewide average (10.65%) are distributed in the bottom two quadrants. In all, 32 counties surpassed the statewide average over 2010-2022, while 38 counties fell below.

Similarly, the two quadrants on the right of this figure present the positions of the 13 counties whose most recent (2022) real management of companies and enterprises earnings growth rate exceeded the statewide average (18.76%). The two quadrants on the left feature those 57 counties whose real management of companies and enterprises earnings growth over 2022 trailed the statewide average.

Accordingly, each quadrant portrays the performance of all 254 counties corresponding with their long-term (2010-2022) and near-term (2022) performance relative to their respective statewide averages of 10.65% over 2010-2022 and 18.76% over 2022:

Leading counties () (top-right quadrant)...are counties whose average annual real management of companies and enterprises earnings growth rate surpassed the statewide average both long-term (10.65%) and near-term (18.76%).

Slipping counties () (top-left quadrant)...are counties whose long-term average annual real management of companies and enterprises earnings growth rate exceeded the statewide average (10.65%), but whose near-term growth has "slipped" by falling below the Texas average (18.76%).

Gaining counties () (bottom-right quadrant)...are counties whose long-term average annual real management of companies and enterprises earnings growth rate fell below the statewide average (10.65%), but whose near-term growth has "gained" by registering above the average (18.76%) statewide.

Lagging counties () (bottom-left quadrant)...are counties whose average annual real management of companies and enterprises earnings growth rate fell under the statewide average both long-term (10.65%) and near-term (18.76%).

Turning attention to the top-right quadrant from the discussion above, this figure features the distribution of the Texas counties classified as Leading. These counties surpassed Texas' average annual real management of companies and enterprises earnings growth both long-term (2010-2022 = 10.65%) as well as near-term (2022 = 18.76%). Each is identified by its corresponding ranking based on it's average annual real management of companies and enterprises earnings growth rate over 2010-2022.

Of Texas' 254 counties, just 7 (3%) are classified within the Leading () category. Those counties ranked by their long-term average include:

This figure depicts the distribution of the 25 Texas counties classified as Slipping (top-left quadrant), in that their long-term average annual real management of companies and enterprises earnings growth rate outpaced the average statewide (2010-2022 = 10.65%), while they trailed the statewide average near-term (2022 = 18.76%). Again, each county is identified by it's corresponding ranking based on its average annual real management of companies and enterprises earnings growth rate over 2010-2022.

Only 25 (10%) of Texas' 254 counties are classified as Slipping (). Those counties ranked by their long-term average include:

This figure shows the distribution of the 6 Texas counties classified as Gaining (bottom-right quadrant), in that their long-term average annual real management of companies and enterprises earnings growth rate posted below the average statewide (2010-2022 = 10.65%), while they outpaced Texas' average near-term (2022 = 18.76%). Again, each county is identified by its corresponding ranking based on its average annual real management of companies and enterprises earnings growth rate over 2010-2022.

Of Texas' 254 counties, only 2% (6) are featured as Gaining (). Those counties ranked by their long-term average include:

This figure depicts the distributions of the 32 Texas counties classified as Lagging (bottom-left quadrant). These counties trailed the statewide average annual real management of companies and enterprises earnings growth both long-term (2010-2022 = 10.65%) as well as near-term (2022 = 18.76%). Again, each county is identified by its corresponding ranking based on it's average annual real management of companies and enterprises earnings growth rate over 2010-2022.

13% of Texas' counties, 32 of 254, are characterized here as Lagging (). Those counties ranked by their long-term average include: