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Diversification and specialization of U.S. states

Janet Koech and Mark Wynne ()

No 284, Globalization Institute Working Papers from Federal Reserve Bank of Dallas

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.

JEL-codes: F10 F16 F22 F30 G21 (search for similar items in EconPapers)
Pages: 42 pages
Date: 2016-09-01
New Economics Papers: this item is included in nep-int
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Journal Article: Diversification and Specialization of U.S. States (2017) Downloads
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Persistent link: https://EconPapers.repec.org/RePEc:fip:feddgw:284

DOI: 10.24149/gwp284

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