Performance of metropolitan area industries

Matthew P. Drennan

Economic Policy Review, 1997, vol. 3, issue Feb, 49-60

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.

Keywords: Federal Reserve District, 2nd; Employment (Economic theory); New York (N.Y.) (search for similar items in EconPapers)
Date: 1997
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