The hollowing out process in the Chicago economy, 1975-2011
The metropolitan economy of Chicago has experienced a significant transformation in its economic structure over the past twenty years. Using a method for extraction of input–output tables that has been described elsewhere, it has been possible to produce an economic photograph of the Chicago region, annually, for the period 1975–2011. This paper explores the nature of these structural changes through examination of the changes in the composition of the Leontief multipliers and changes in the economic landscapes interpreted through application of the multiplier product matrix. The resulting picture, at the nine-sector level of detail, reveals a hollowing out process, with intra-metropolitan dependence replaced by dependence on sources of supply and demand outside the region. Furthermore, the analysis reveals a complex internal transformation, as dependence on locally sourced manufacturing inputs is replaced by dependence on local service activities.
To our knowledge, this item is not available for
download. To find whether it is available, there are three
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
|Date of creation:||1996|
|Date of revision:|
|Contact details of provider:|| Postal: |
Web page: http://www.chicagofed.org/
More information through EDIRC
|Order Information:|| Web: http://www.chicagofed.org/webpages/publications/print_publication_order_form.cfm 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.:
- Magnus Blomstrom & Ari Kokko, 1993.
"Policies to Encourage Inflows of Technology Through Foreign Multinationals,"
NBER Working Papers
4289, National Bureau of Economic Research, Inc.
- Kokko, Ari & Blomstrom, Magnus, 1995. "Policies to encourage inflows of technology through foreign multinationals," World Development, Elsevier, vol. 23(3), pages 459-468, March.
- Li, Jiatao & Guisinger, Stephen, 1991. "How well do foreign firms compete in the United States?," Business Horizons, Elsevier, vol. 34(6), pages 49-53.
- Alenka S. Giese, 1989. "The Opening of Midwest manufacturing to foreign companies: the influx of foreign direct investment," Working Paper Series, Regional Economic Issues 1989-5, Federal Reserve Bank of Chicago.
- Riad A Ajami & David A Ricks, 1981. "Motives of Non-American Firms Investing in the United States," Journal of International Business Studies, Palgrave Macmillan, vol. 12(3), pages 25-34, September.
- Magnus Blomstrom, 1991. "Host Country Benefits of Foreign Investment," NBER Working Papers 3615, National Bureau of Economic Research, Inc.
- Robert E. Lipsey, 1993. "Foreign Direct Investment in the United States: Changes over Three Decades," NBER Chapters, in: Foreign Direct Investment, pages 113-172 National Bureau of Economic Research, Inc.
- Edward M. Graham & Paul Krugman, 1995. "Foreign Direct Investment in the United States, 3rd Edition," Peterson Institute Press: All Books, Peterson Institute for International Economics, number 52.
When requesting a correction, please mention this item's handle: RePEc:fip:fedhas:gl-7. 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: (Bernie Flores)
If references are entirely missing, you can add them using this form.