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National and regional factors in the metropolitan economy

Author

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  • Jonathan McCarthy
  • Charles Steindel

Abstract

The connections between broad economic indicators in the metropolitan region and their national counterparts are examined by the authors. The authors show that over the last seven years, employment growth has been poor in both absolute terms and relative to the nation, possibly indicating a region in decline. However, they note that the region's income growth has been considerably better than its employment growth, suggesting a region whose goods and services remain in healthy demand.

Suggested Citation

  • Jonathan McCarthy & Charles Steindel, 1997. "National and regional factors in the metropolitan economy," Economic Policy Review, Federal Reserve Bank of New York, issue Feb, pages 5-19.
  • Handle: RePEc:fip:fednep:y:1997:i:feb:p:5-19:n:v.3no.1
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    References listed on IDEAS

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    1. 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.
    2. Hansen, Bruce E., 1992. "Testing for parameter instability in linear models," Journal of Policy Modeling, Elsevier, vol. 14(4), pages 517-533, August.
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    Cited by:

    1. Coulson, N. Edward, 1999. "Sectoral sources of metropolitan growth," Regional Science and Urban Economics, Elsevier, vol. 29(6), pages 723-743, November.
    2. Igor Esteban Zuccardi Huertas, 2002. "Los ciclos económicos regionales en Colombia 1986-2000," Documentos de trabajo sobre Economía Regional y Urbana 25, Banco de la Republica de Colombia.
    3. Carlino, Gerald A. & DeFina, Robert H., 2004. "How strong is co-movement in employment over the business cycle? Evidence from state/sector data," Journal of Urban Economics, Elsevier, vol. 55(2), pages 298-315, March.

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    Keywords

    New York (N.Y.) ; Federal Reserve District; 2nd;

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