National and Regional Factors in the New York Metropolitan Economy

16 Pages Posted: 12 Nov 2007

See all articles by Jonathan McCarthy

Jonathan McCarthy

Federal Reserve Bank of New York - Research Department

Charles Steindel

Federal Reserve Bank of New York

Abstract

The connections between broad economic indicators in the metropolitan region and their national counterparts are examined by the authors. The authors show that over the last seven years, employment growth has been poor in both absolute terms and relative to the nation, possibly indicating a region in decline. However, they note that the region's income growth has been considerably better than its employment growth, suggesting a region whose goods and services remain in healthy demand.

Keywords: New York City, New York City economy

JEL Classification: R0

Suggested Citation

McCarthy, Jonathan and Steindel, Charles, National and Regional Factors in the New York Metropolitan Economy. Economic Policy Review, Vol. 3, No. 1, February 1997, Available at SSRN: https://ssrn.com/abstract=1028578

Jonathan McCarthy (Contact Author)

Federal Reserve Bank of New York - Research Department ( email )

33 Liberty Street
New York, NY 10045
United States
(212) 720-5645 (Phone)
(212) 720-1844 (Fax)

Charles Steindel

Federal Reserve Bank of New York ( email )

33 Liberty Street
New York, NY 10045
United States

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