Journal Article

Economic restructuring in western New York State

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.

Keywords: Economic conditions - New York (State); Economic conditions - Buffalo (N.Y.); Economic conditions - Rochester (N.Y.); Economic development - New York (State); Federal Reserve District, 2nd;

Bibliographic Information

Provider: Federal Reserve Bank of New York

Part of Series: The Regional Economy of Upstate New York

Publication Date: 2001

Issue: Fall