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Performance of urban information technology centers: the boom, the bust, and the future

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  • Mary C. Daly
  • Robert G. Valletta

Abstract

After being emblematic of the U.S. economic surge in the late 1990s, urban areas that specialize in information technology (IT) products have more recently been struggling with the aftermath of the IT spending bust. To what degree can they bounce back and reemerge as leaders of innovative activity and production in the IT sector? We examine the characteristics of some of the nation’s leading IT centers, linking these characteristics to a discussion of economic research concerning the sources of growth in urban industrial centers. Although each of these IT centers was hit hard by the IT bust beginning in 2000, the full impact varies depending on the size, density, and composition of the local IT sector. Some IT centers are better positioned than others to resume a rapid growth path as the IT sector recovers, depending on factors such as reliance on manufacturing versus services, diversity of the product base, innovative capacity, and ability to respond to changing conditions such as the recent rise in IT imports and overseas production.

Suggested Citation

  • Mary C. Daly & Robert G. Valletta, 2004. "Performance of urban information technology centers: the boom, the bust, and the future," Economic Review, Federal Reserve Bank of San Francisco, pages 1-18.
  • Handle: RePEc:fip:fedfer:y:2004:p:1-18
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    References listed on IDEAS

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    1. James Bessen & Robert M. Hunt, 2007. "An Empirical Look at Software Patents," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 16(1), pages 157-189, March.
    2. Ciccone, Antonio & Hall, Robert E, 1996. "Productivity and the Density of Economic Activity," American Economic Review, American Economic Association, vol. 86(1), pages 54-70, March.
    3. Gilles Duranton & Diego Puga, 2001. "Nursery Cities: Urban Diversity, Process Innovation, and the Life Cycle of Products," American Economic Review, American Economic Association, vol. 91(5), pages 1454-1477, December.
    4. Ellison, Glenn & Glaeser, Edward L, 1997. "Geographic Concentration in U.S. Manufacturing Industries: A Dartboard Approach," Journal of Political Economy, University of Chicago Press, vol. 105(5), pages 889-927, October.
    5. Edward L. Glaeser & Glenn Ellison, 1999. "The Geographic Concentration of Industry: Does Natural Advantage Explain Agglomeration?," American Economic Review, American Economic Association, vol. 89(2), pages 311-316, May.
    6. Beardsell, Mark & Henderson, Vernon, 1999. "Spatial evolution of the computer industry in the USA," European Economic Review, Elsevier, vol. 43(2), pages 431-456, February.
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    Citations

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    Cited by:

    1. Goldfarb, Brent & Kirsch, David & Miller, David A., 2007. "Was there too little entry during the Dot Com Era?," Journal of Financial Economics, Elsevier, vol. 86(1), pages 100-144, October.
    2. Jeremy Gerst & Mark Doms & Mary C. Daly, 2009. "Regional growth and resilience: evidence from urban IT centers," Economic Review, Federal Reserve Bank of San Francisco, pages 1-11.
    3. Julie L. Hotchkiss & M. Melinda Pitts & John C. Robertson, 2006. "The push-pull effects of the information technology boom and bust: insight from matched employer-employee data," FRB Atlanta Working Paper 2006-01, Federal Reserve Bank of Atlanta.
    4. Julie L. Hotchkiss & M. Melinda Pitts & John C. Robertson, 2008. "The Push-Pull Effects of the Information Technology Boom and Bust," Economic Development Quarterly, , vol. 22(3), pages 200-212, August.
    5. Julie L. Hotchkiss & M. Melinda Pitts & John C. Robertson, 2006. "Earnings on the Information Technology Roller Coaster: Insight from Matched Employer-Employee Data," Southern Economic Journal, Southern Economic Association, vol. 73(2), pages 342-361, October.

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