Impact of structural shifts on labor productivity dynamics as a factor of regionalization and metropolization of the US economy

V. N. Minat
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V. N. Minat: Ryazan State Agrotechnological University named after P. A. Kostychev, Ryazan, Russian Federation

Russian Journal of Social Sciences and Humanities, 2024, vol. 18, issue 1, 212-229

Abstract: Based on theoretical principles on the development of regionalization and metropolitanization in the space of urbanized territories and the application of the index method of empirical research, an assessment is made of the impact of structural changes on the dynamics of labor productivity in US megaregions. The latter are considered from the perspective of mesoeconomic analysis, focused on industry specialization, urbanization, localization, the concentration of production and the possibility of using convergent technologies. The impact of structural changes on productivity is studied as a factor in the specific territorially localized development of metro-economies in the period 2005–2021. at two levels – mega-regional and agglomeration. Based on the results of the study, the hypotheses put forward by the author were generally confirmed in terms of the redistribution of economic power both in the internal space of US megaregions and between them. Based on a comparison of the necessary indicators reflecting the structural transformation of industrial production, affecting the overall dynamics of labor productivity and identifying the correlation between them, it is justified to identify centers of accelerated economic growth within the US mega-regions and increase spatial unevenness at the level of mega-regional economic development due to the further periphery of several “old” metropolises. Further peripheralization is predicted due to the beginning of the formation of “new” metro-economies in the southeastern part of the United States, based on the development of industries with high labor productivity. It is noted that the qualitative transformation of American industries, occurring due to the unequal growth of sectoral labor productivity, lays the foundation for further transformations of the country’s economic space in the direction of strengthening regionalism caused by the redistribution of economic power in the metropolitan area.

Keywords: US economy; regionalization; agglomeration; metropolization; metroeconomics; labor productivity; structural shift; territorial and sectoral structure; index method (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:aws:omskjl:v:18:y:2024:i:1:p:212-229

DOI: 10.57015/issn1998-5320.2024.18.1.20

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