Spatial Patterns of Office Employment in the New York Region

Franz Fuerst

MPRA Paper from University Library of Munich, Germany

Abstract: This study analyzes the regional spatial dynamics of the New York region for a period of roughly twenty years and places the effects of the 9/11 terrorist attacks in the context of longer-term regional dynamics. The analysis reveals that office-using industries are still heavily concentrated in Manhattan despite ongoing decentralization in many of these industries over the last twenty years. Financial services tend to be highly concentrated in Manhattan whereas administrative and support services are the least concentrated of the six major office-using industry groups. Although office employment has been by and large stagnant in Manhattan for at least two decades, growth of output per worker has outpaced the CMSA as well as the national average. This productivity differential is mainly attributable to competitive advantages of office-using industries in Manhattan and not to differences in industry composition. Finally, the zip-code level analysis of the Manhattan core area yielded further evidence of the existence of significant spillover effects at the small-scale level.

Keywords: agglomeration economies; office employment; spatial concentration measures; employment data; industry composition urban economics (search for similar items in EconPapers)
JEL-codes: R12 R3 (search for similar items in EconPapers)
Date: 2006-07, Revised 2008-09
New Economics Papers: this item is included in nep-geo and nep-ure
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Related works:
Working Paper: Spatial Patterns of Office Employment in the New York Region (2008)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:11447

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