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On the geography of the new economy: perspectives from the United States

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  • William Beyers

Abstract

The phrase ‘new economy’ has recently become embraced by the federal statistical establishment in the United States. The rise in productivity levels in the US economy in the 1990s has been increasingly associated with particular industries and types of capital goods, which have been found to enhance the overall productivity of the national economy. This paper documents the regional distribution of industries considered to be critical in this new phase in US economic history. The federal statistical agencies have identified key sectors associated with this change in the national trajectory of production, and information-technology-related sectors are at the core of these definitions. In particular, IT-producing and IT-using industries are viewed as critical to the development of the new economy. This analysis finds the IT-producing industries are more unevenly distributed than the IT-using industries. Over the 1990--1997 time period, the IT-producing industries became more unevenly distributed, while IT-using industries exhibited a pattern of in-fill, growing more rapidly in regions with weak concentration of these industries in 1990.

Suggested Citation

  • William Beyers, 2003. "On the geography of the new economy: perspectives from the United States," The Service Industries Journal, Taylor & Francis Journals, vol. 23(1), pages 4-26, January.
    • Handle: RePEc:taf:servic:v:23:y:2003:i:1:p:4-26
    DOI: 10.1080/02642060412331300752
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    Cited by:

    1. Høgni Kalsø Hansen & Lars Winther, 2010. "The Spatial Division Of Talent In City Regions: Location Dynamics Of Business Services In Copenhagen," Tijdschrift voor Economische en Sociale Geografie, Royal Dutch Geographical Society KNAG, vol. 101(1), pages 55-72, February.
    2. René Belderbos & Florence Benoit & Ben Derudder, 2022. "World City Innovation and Service Networks and Economic Growth," Papers in Regional Science, Wiley Blackwell, vol. 101(4), pages 979-999, August.
    3. Xiangmin Zhang & Bin Yu & Hailong Yu & Zhuofan Li & Shen Luo & Jianwu Sun & Yong Fan, 2021. "Spatial Distribution and Geographical Mechanism of Natural Resources in China under the Orientation of the New Economic Demands," Sustainability, MDPI, vol. 13(14), pages 1-19, July.
    4. Keith J. Kelley & Marcelo J. Alvarado-Vargas, 2020. "IT Signal Generation and Management Capabilities’ Effect on Corporate Reputation: A Typological Approach to Strategic Positioning in a Digital World," Corporate Reputation Review, Palgrave Macmillan, vol. 23(3), pages 145-159, August.

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