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Economic restructuring in western New York State

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Abstract

We explore the distinctive patterns of Buffalo and Rochester's economic restructuring in detail. We compare the board structural changes in Buffalo's economy with those in Rochester's, and the changes in both metropolitan economies with those in the national economy. We also seek to understand the roots of these changes through an analysis of industry-level data. We find that although Buffalo and Rochester remain highly dependent on goods production and distribution, both cities have followed the national trend away from goods producing industries and toward service industries.

Suggested Citation

  • Richard Deitz & Ramon Garcia, 2001. "Economic restructuring in western New York State," The Regional Economy of Upstate New York, Federal Reserve Bank of New York, issue Fall.
    • Handle: RePEc:fip:fednre:y:2001:i:fall
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    File URL: https://www.newyorkfed.org/medialibrary/media/research/regional_economy/Fall2001.pdf
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    References listed on IDEAS

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    1. Matthew P. Drennan, 1997. "Performance of metropolitan area industries," Economic Policy Review, Federal Reserve Bank of New York, vol. 3(Feb), pages 49-60.
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    Cited by:

    1. 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).

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