IDEAS home Printed from https://ideas.repec.org/a/fip/fednci/y2004ijunnv.10no.7.html

Economic restructuring in New York State

Author

Listed:
  • Erica L. Groshen
  • Simon M. Potter
  • Rebecca J. Sela

Abstract

When economic activity slows down, labor markets may undergo extensive structural change-the permanent reallocation of workers across industries. Job losses can be heavy, and creating new jobs and retraining displaced workers to fill them can take time. A high degree of restructuring may help to explain why New York State's most recent downturn persisted for well over two years. Subseries: Second District Highlights.

Suggested Citation

  • Erica L. Groshen & Simon M. Potter & Rebecca J. Sela, 2004. "Economic restructuring in New York State," Current Issues in Economics and Finance, Federal Reserve Bank of New York, vol. 10(Jun).
    • Handle: RePEc:fip:fednci:y:2004:i:jun:n:v.10no.7
    as

    Download full text from publisher

    File URL: https://www.newyorkfed.org/medialibrary/media/research/current_issues/ci10-7.pdf
    Download Restriction: no
    File URL: https://www.newyorkfed.org/medialibrary/media/research/current_issues/ci10-7.html
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Gerald A. Carlino & Satyajit Chatterjee & Robert M. Hunt, 2001. "Knowledge spillovers and the new economy of cities," Working Papers 01-14, Federal Reserve Bank of Philadelphia.
    2. Erica L. Groshen & Simon M. Potter, 2003. "Has structural change contributed to a jobless recovery?," Current Issues in Economics and Finance, Federal Reserve Bank of New York, vol. 9(Aug).
    3. James A. Orr, 1997. "Industrial restructuring in the New York metropolitan area," Economic Policy Review, Federal Reserve Bank of New York, vol. 3(Feb), pages 61-74.
    4. Jason Bram, 2003. "New York City's economy before and after September 11," Current Issues in Economics and Finance, Federal Reserve Bank of New York, vol. 9(Feb).
    5. Erica L. Groshen & Laura Robertson, 1993. "Are the Great Lakes cities becoming service centers?," Economic Commentary, Federal Reserve Bank of Cleveland, issue Jun.
    6. No authors listed, 2001. "New Economy," Wirtschaft und Gesellschaft - WuG, Kammer für Arbeiter und Angestellte für Wien, Abteilung Wirtschaftswissenschaft und Statistik, vol. 27(1), pages 1-1.
    7. James A. Orr & Robert W. Rich & Rae D. Rosen, 1999. "Two new indexes offer a broad view of economic activity in the New York - New Jersey region," Current Issues in Economics and Finance, Federal Reserve Bank of New York, vol. 5(Oct).
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Richard Vogel & W. Hubert Keen, 2010. "Public Higher Education and New York State’s Economy," Economic Development Quarterly, , vol. 24(4), pages 384-393, November.
    2. Jason Bram & James A. Orr, 2006. "Taking the pulse of the New York City economy," Current Issues in Economics and Finance, Federal Reserve Bank of New York, vol. 12(May).
    3. James A. Orr & Rae D. Rosen, 2004. "New York and New Jersey poised for modest job growth in 2005," Current Issues in Economics and Finance, Federal Reserve Bank of New York, vol. 10(Dec).

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Lobo, José & Strumsky, Deborah, 2008. "Metropolitan patenting, inventor agglomeration and social networks: A tale of two effects," Journal of Urban Economics, Elsevier, vol. 63(3), pages 871-884, May.
    2. Christophe Carrincazeaux & Frédéric Gaschet, 2006. "Knowledge and the diversity of innovation systems: a comparative analysis of European regions," Post-Print hal-00257384, HAL.
    3. Guido Cozzi & Silvia Galli, 2009. "Upstream Innovation Protection: Common Law Evolution and the Dynamics of Wage Inequality," Working Papers 2009_20, Business School - Economics, University of Glasgow.
    4. Edward Ludwig Glaeser & Albert Saiz, 2003. "The rise of the skilled city," Working Papers 04-2, Federal Reserve Bank of Philadelphia.
    5. Jason Bram & James A. Orr, 2006. "Taking the pulse of the New York City economy," Current Issues in Economics and Finance, Federal Reserve Bank of New York, vol. 12(May).
    6. James A. Orr & Rae D. Rosen, 2004. "New York and New Jersey poised for modest job growth in 2005," Current Issues in Economics and Finance, Federal Reserve Bank of New York, vol. 10(Dec).
    7. M. Bellinzas, 2004. "Dinamiche demografiche, agglomerazione e determinanti economiche. Il caso italiano," Working Paper CRENoS 200407, Centre for North South Economic Research, University of Cagliari and Sassari, Sardinia.
    8. Carolina Pasciaroni, 2013. "Ciudades de tamano medio e innovacion: Una aproximacion sistemica," Documentos de Trabajo 11078, Universidad Tecnológica de Bolívar.
    9. Carlino, Gerald A. & Chatterjee, Satyajit & Hunt, Robert M., 2007. "Urban density and the rate of invention," Journal of Urban Economics, Elsevier, vol. 61(3), pages 389-419, May.
    10. Satyajit Chatterjee, 2003. "Agglomeration economies: the spark that ignites a city?," Business Review, Federal Reserve Bank of Philadelphia, issue Q4, pages 6-13.
    11. Esther Eiling & Raymond Kan & Ali Sharifkhani, 2018. "Sectoral Labor Reallocation and Return Predictability," Working Papers 2018-006, Human Capital and Economic Opportunity Working Group.
    12. Kevin x.d. Huang & Jie Chen & Zhe Li & Jianfei Sun, 2014. "Financial Conditions and Slow Recoveries," Vanderbilt University Department of Economics Working Papers 14-00004, Vanderbilt University Department of Economics.
    13. Giovanni Gallipoli & Gianluigi Pelloni, 2013. "Macroeconomic Effects of Job Reallocations: A Survey," Review of Economic Analysis, Digital Initiatives at the University of Waterloo Library, vol. 5(2), pages 127-176, December.
    14. Andrew Figura, 2003. "The effect of restructuring on unemployment," Finance and Economics Discussion Series 2003-56, Board of Governors of the Federal Reserve System (U.S.).
    15. Eichengreen, Barry & Park, Donghyun & Shin, Kwanho, 2021. "The shape of recovery: Implications of past experience for the duration of the COVID-19 recession," Journal of Macroeconomics, Elsevier, vol. 69(C).
    16. Deepankar Basu1, Duncan K. Foley, 2011. "WP 2011-4 Dynamics of Output and Employment in the U.S. Economy," SCEPA working paper series. 2011-4, Schwartz Center for Economic Policy Analysis (SCEPA), The New School.
    17. Jason Heyes & Ludek Rychly (ed.), 2013. "Labour Administration in Uncertain Times," Books, Edward Elgar Publishing, number 15525, August.
    18. Jason Bram & James A. Orr & Rae D. Rosen, 2007. "Job growth in New York and New Jersey: mid-2007 review and outlook," Current Issues in Economics and Finance, Federal Reserve Bank of New York, vol. 13(Aug).
    19. Oliner, Stephen D. & Sichel, Daniel E. & Stiroh, Kevin J., 2008. "Explaining a productive decade," Journal of Policy Modeling, Elsevier, vol. 30(4), pages 633-673.
    20. Kevin X. D. Huang & Zheng Liu, 2004. "Multiple stages of processing and the quantity anomaly in international business cycle models," Research Working Paper RWP 04-05, Federal Reserve Bank of Kansas City.

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:fip:fednci:y:2004:i:jun:n:v.10no.7. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Gabriella Bucciarelli (email available below). General contact details of provider: https://edirc.repec.org/data/frbnyus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.