The Tenth District's defining industries: how are they changing?
The economy of the Tenth Federal Reserve District has become increasingly more services-based in recent years. While this transformation has lessened many of the historical differences with the rest of the nation, the regional economy still remains distinct, especially in some states. Wyoming, for instance, still has the most unique industrial structure in the country. And Nebraska, New Mexico, and Oklahoma still rank among the top third of states with economies that differ from the rest of the nation. ; What industries make the Tenth District so different, and what can they tell us about the future of the regional economy? ; Wilkerson and Williams examine the “defining” industries of the region. They find that the performance of a relatively small group of these industries track closely with overall job growth in each state. In other words, states whose defining industries have prospered in recent years have grown quickly overall, while states whose defining industries have struggled have grown sluggishly. Thus, identifying a state’s defining industries and understanding how they are changing can provide vital context for policymakers seeking to improve prospects for growth—as well as help identify the types of economic shocks that might threaten the region in the future.
Volume (Year): (2007)
Issue (Month): Q III ()
|Contact details of provider:|| Postal: |
Phone: (816) 881-2254
Web page: http://www.kansascityfed.org
More information through EDIRC
|Order Information:|| Email: |
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Emek Basker, 2005.
"Job Creation or Destruction? Labor Market Effects of Wal-Mart Expansion,"
The Review of Economics and Statistics,
MIT Press, vol. 87(1), pages 174-183, February.
- Emek Basker, 2003. "Job Creation or Destruction? Labor-Market Effects of Wal-Mart Expansion," Labor and Demography 0303002, EconWPA, revised 11 Mar 2005.
- Emek Basker, 2002. "Job Creation or Destruction? Labor-Market Effects of Wal-Mart Expansion," Working Papers 0215, Department of Economics, University of Missouri, revised 14 Jan 2004.
- Robert B. Penfold, 2006. "Covariance Risk and Employment Growth in Canadian Cities," Growth and Change, Wiley Blackwell, vol. 37(1), pages 60-81.
- Garcia-Mila, Teresa & McGuire, Therese J., 1993.
"Industrial mix as a factor in the growth and variability of states' economies,"
Regional Science and Urban Economics,
Elsevier, vol. 23(6), pages 731-748, December.
- Teresa Garcia-Milà & Therese J. McGuire, 1992. "Industrial mix as a factor in the growth and variability of States' economies," Economics Working Papers 9, Department of Economics and Business, Universitat Pompeu Fabra.
- Edward L. Glaeser & Hedi D. Kallal & Jose A. Scheinkman & Andrei Shleifer, 1991.
"Growth in Cities,"
NBER Working Papers
3787, National Bureau of Economic Research, Inc.
- Mark Drabenstott & Mark Henry & Kristin Mitchell, 1999. "Where have all the packing plants gone? : the new meat geography in rural America," Economic Review, Federal Reserve Bank of Kansas City, issue Q III, pages 65-82.
- Robert W. Gilmer, 1996. "Industrial structure in oil cities: diversification revisited," Houston Business, Federal Reserve Bank of Dallas, issue May.
- Ranald Richardson & Andrew Gillespie, 2003. "The Call of the Wild: Call Centers and Economic Development in Rural Areas," Growth and Change, Wiley Blackwell, vol. 34(1), pages 87-108.
- Chad R. Wilkerson & Megan D. Williams, 2006. "Minority workers in the Tenth District: rising presence, rising challenges," Economic Review, Federal Reserve Bank of Kansas City, issue Q IV, pages 31-59.
- Nancy Novack & Jason Henderson, 2007. "Can ethanol power the rural economy?," Main Street Economist, Federal Reserve Bank of Kansas City, issue 1.
- Kelly D. Edmiston, 2006. "A new perspective on rising nonbusiness bankruptcy filing rates : analyzing the regional factors," Economic Review, Federal Reserve Bank of Kansas City, issue Q II, pages 55-83.
- Chad Wilkerson, 2005. "What do expected changes in U.S. job structure mean for states and workers in the Tenth District?," Economic Review, Federal Reserve Bank of Kansas City, issue Q II, pages 59-93.
- Mark D. Partridge & Dan S. Rickman, 1996. "The Role Of Industry Structure, Costs, And Economic Spillovers In Determining State Employment Growth Rates," The Review of Regional Studies, Southern Regional Science Association, vol. 26(3), pages 235-264, Winter.
- Georgeanne M. Artz & Kenneth E. Stone, 2006. "Analyzing the Impact of Wal-Mart Supercenters on Local Food Store Sales," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 88(5), pages 1296-1303.
When requesting a correction, please mention this item's handle: RePEc:fip:fedker:y:2007:i:qiii:p:59-81:n:v.92no.3. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (LDayrit)
If references are entirely missing, you can add them using this form.