Search Results
Journal Article
The information technology industry in New York State
We assess the prominence of the IT industry in New York State. We calculate the concentration of IT industry jobs in the state relative to the nation and identify the IT businesses that figure most importantly in new York's large metropolitan areas.
Journal Article
Regional business cycles in New York State
We track the business cycles for New York State and for major upstate metropolitan areas over the last quarter century and compare them with the national cycles. To date the regional cycles, we use a new methodology that combines several data series into a single composite measure - or index - of economic activity. Our findings show that New York State's recessions tend to last longer than the nation's, although the region's metropolitan areas have very different industrial compositions and thus different business cycles.
Journal Article
Understanding regional economic growth in the new economy: industry clusters
This article seeks to explain why industry clusters are receiving so much attention. It discusses how and why clusters form, what makes them successful, and why they are believed to contribute to regional economic growth. The article also examines what the evidence on industry clusters suggests about local economic development, and describes strategies used by communities adopting a cluster approach. The final section outlines New York State's efforts to identify the industry clusters that are important to its economy, as well as the challenges faced in this process.
Journal Article
How New York State's agriculture industry is staying competitive
We examine some of the challenges facing New York's agriculture industry and outline some innovative responses. We distinguish between two types of agriculture: commodities and value-added consumer foods. We show that commodities are a small fraction of the agriculture industry in New York State and are not a growing market segment, while value-added goods are the primary products of New York farms and represent a market segment that is growing significantly. We then briefly discuss important strategies that agricultural producers are using to remain competitive, including the adoption of ...
Journal Article
Economic strength in rural New York
In New York State, where economic growth has been sluggish for much of the last decade, the rural economy has done relatively well. The population and labor force in rural areas are expanding, and the number of jobs growing. We take a look at this robust rural economy, examining population and job growth, industrial composition, and income patterns in the state's rural areas.
Journal Article
Vitality in upstate medical manufacturing
We describe the medical manufacturing industry generally and examine the industry's presence in upstate New York and its metropolitan areas. We show that upstate has a considerable employment concentration in the manufacture of both medical devices and pharmaceuticals. This activity is distributed widely among the region's metropolitan areas, with Buffalo, Glens Falls, Rochester, Syracuse, and Utica specializing in the industry overall and Albany showing strength in two subindustries.
Journal Article
How volatile is New York State's economy?
We measure employment volatility in New York State. We find that although New York has demonstrated slow employment growth during the postwar period, its diverse industry composition has helped make it the most stable economy in the nation. We also examine the extent to which regional volatility is due to national, as opposed to local, economic fluctuations. This examination enables us to compare the volatility of New York's major metropolitan areas with a sampling of U.S. cities. Here, we find that New York's metro areas were relatively stable during the postwar period, but some areas ...
Journal Article
Conference explores inner-city business development
The May 1 conferences titled "The untapped urban market: attracting business to the inner city," and presented by the Buffalo Branch of the Federal Reserve Bank of New York in partnership with the University at Buffalo Department of Planning, discussed the economic challenges faced by inner-city communities and explored effective strategies for business development. We summarize the various inner-city development models presented at the conference and the discussion that arose around them.
Journal Article
Restructuring in the manufacturing workforce: New York State and the nation
We analyze the restructuring of the manufacturing workforce over the past two decades by investigating how the occupational distribution of workers has changed. We identify important regional differences in the nature and degree of this restructuring, and give particular attention to New York State's experience in relation to that of other states in the Northeast.
Journal Article
Tourism's role in the upstate New York economy
We begin with a broad discussion of how tourism has emerged as a force in the U.S. and regional economies. We follow with an examination of the industry's size and growth in upstate New York. We also show that the state's rural economy is generally more dependent on tourism than are its metro areas. Finally, despite its size, upstate New York's tourism industry is growing faster than the overall economies of Dutchess Country, Glens Falls, Jamestown, and Binghamton - thus making the industry an increasingly important contributor to growth.