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Performance of metropolitan area industries

Author

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  • Matthew P. Drennan

Abstract

In the New York metropolitan region, job losses have been more severe and economic recovery slower than in most other metropolitan areas. But a more interesting, and less pessimistic, story is revealed by regional income: an analysis of aggregate earnings shows that incomes in the region are higher now, in real terms, than they were in 1988. That rise, the author contends, reflects increased productivity and a potential shift in industry composition from less productive to more productive industries.

Suggested Citation

  • Matthew P. Drennan, 1997. "Performance of metropolitan area industries," Economic Policy Review, Federal Reserve Bank of New York, vol. 3(Feb), pages 49-60.
    • Handle: RePEc:fip:fednep:y:1997:i:feb:p:49-60:n:v.3no.1
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    File URL: https://www.newyorkfed.org/medialibrary/media/research/epr/97v03n1/9702dren.pdf
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    Cited by:

    1. Edward Nissan & Shahdad Naghshpour, 2014. "Comparing U.S. regions for selected economic and financial variables," Journal of Economics and Finance, Springer;Academy of Economics and Finance, vol. 38(3), pages 528-540, July.
    2. Jaime Sobrino, 2013. "Urban demographic growth: the case of megacities," Chapters, in: Peter Karl Kresl & Jaime Sobrino (ed.), Handbook of Research Methods and Applications in Urban Economies, chapter 14, pages 343-371, Edward Elgar Publishing.
    3. Richard Deitz & Ramon Garcia, 2001. "Economic restructuring in western New York State," The Regional Economy of Upstate New York, Federal Reserve Bank of New York, issue Fall.

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