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Keywords:Federal Reserve District, 2nd 

Journal Article
Update on the Second District's economy

The author uses broad-based indicators such as employment, personal income, and retail sales to assess the state of the economy in the Federal Reserve's Second District. Specific attention is given to certain broad trends that have influenced regional growth, including the reduction in defense spending, the weakness in the European economies, and intense international and national competition.
Quarterly Review , Volume 18 , Issue Aut

Journal Article
Second District update: a moderate recovery is in progress

After a prolonged recession, the Second District's economy began to expand in the second half of 1993. Several indicatorsthe growing volume of exports from the region, strong earnings on Wall Street, and job growth at newly formed businessessuggest that the recovery can be sustained in the quarters immediately ahead. In a supplemental analysis, the authors find that new small firms are the primary source of job generation in New York State, although they note that such firms also carry a higher risk of failure.
Quarterly Review , Volume 19 , Issue Spr , Pages 45-53

Journal Article
Regional employment trends in the Second District

It is well known that job growth in the Second District as a whole has not kept pace with national trends over the last few years. This article offers a different perspective by assessing job trends in specific regions within the District. The authors conclude that employment growth has resumed in most of the District and that in areas such as Northern New Jersey and Albany, the gaps with the national data are either small or narrowing. The areas in the District that have been lagging are mainly those feeling the effects of corporate restructuring and defense cutsills that should abate over ...
Quarterly Review , Volume 19 , Issue Sum

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.
The Regional Economy of Upstate New York , Issue Fall

Journal Article
Buffalo's employment on the rise

Employment growth in 1999 for the Buffalo metropolitan area was the strongest in a decade. Buffalo's job growth rate of 1.6 percent was still less than that of the U.S., upstate, and New York State as a whole. In a second section on the cost of rail shipping in Western New York, we present data showing that rates for the four studied commodities have in fact been above national averages. Although it is difficult to determine the exact reasons for Buffalo's higher prices, some combination of higher costs and a lack of competition likely explain the differential.
The Regional Economy of Upstate New York , Issue Spr

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.
The Regional Economy of Upstate New York , Issue Sum

Journal Article
Roundtables explore the challenges faced by rural economies

The Federal Reserve Bank of New York's Buffalo Branch and Office of Regional and Community Affairs conducted a series of roundtable talks in May 2001. The talks, cosponsored by the Independent Bankers of New York State, the North Country Alliance, and the Rural Housing Coalition, were held to determine what issues most concern the region's rural communities and to give participants an opportunity to share information that might help in planning economic growth strategies.
The Regional Economy of Upstate New York , Issue Sum (suppl)

Journal Article
Economic restructuring in western New York State

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.
The Regional Economy of Upstate New York , Issue Fall

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.
The Regional Economy of Upstate New York , Issue Spr

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.
The Regional Economy of Upstate New York , Issue Sum

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Federal Reserve District, 2nd 141 items

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