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
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
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
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 ...
Speech
The national and regional economic outlook
Remarks at the University at Albany, Albany, New York.
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.
Speech
The national and regional economic outlook
Remarks at the Center for Economic Development, Syracuse, New York.
Journal Article
The upstate economy under the new NAICS classification system
We examine the composition of the upstate New York economy as reflected by the new NAICS (North American Industry Classification System) classifications, and explain how this new perspective changes our understanding of the economy. In addition, given the importance of manufacturing to upstate New York, we examine in detail the manufacturing sector under the new NAICS classification.
Report
The linkage between regional economic indexes and tax bases: evidence from New York
This paper examines the linkage between economic activity and tax revenues for New York State and New York City. Drawing upon the methodology of Stock and Watson, we use a dynamic single-factor model to estimate indexes of coincident economic indicators. We also construct measures of the sales and withholding tax bases. To conduct an empirical analysis of the relationship between the indexes of economic activity and the tax base series, we use vector autoregression and error correction models. The results provide strong evidence that the coincident indexes contain useful information for ...
Speech
The national and regional economic outlook
Remarks at the Long Island Association, Melville, New York.