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Diversification and Specialization of U.S. States

Janet Koech and Mark Wynne ()

The Review of Regional Studies, 2017, vol. 47, issue 1, 63-91

Abstract: This paper documents the evolution of the international relationships of individual U.S. states along three dimensions: trade, migration, and finance. We examine how specialized or diversified state economies differ in terms of the products they export and with whom they trade, the origins of the immigrants who live in the state, and the origins of the foreign banks operating in the state. We show that states that are diversified along one of these dimensions are often quite specialized along others. New York is-perhaps, not surprisingly-the most diversified state in terms of global linkages.

Keywords: globalization; international trade; migration; bank assets; diversification; specialization (search for similar items in EconPapers)
JEL-codes: F10 F16 F22 F30 G21 R23 (search for similar items in EconPapers)
Date: 2017
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Handle: RePEc:rre:publsh:v47:y:2017:i:1:p:63-91