This paper explores the connections betweenbroad economic indicators in the New Yorkmetropolitan region and their national counterparts.It compares the performance of theregion in recent years with that of the nation and assessesthe importance of national and local developments for thearea’s...

[...]This paper analyzes the industrial restructuringprocess in the New York metropolitan area in the first halfof the 1990s.1 It shows that the restructuring was accompaniedby a decline in the labor force, particularly in NewYork, where the decline persisted through the first half ofthe 1990s....

As correctly noted by Matthew Drennan in his paper forthis conference, the nature of the transformation that hasoccurred in the New York metropolitan region since 1989is rather mixed. Although the region has regained onlyhalf of the 625,000 jobs it lost during the 1989-92 period,aggregate...

The securities industry in the New York–New Jerseyregion is currently enjoying strong growth in employmentand salaries. The industry is particularly important to theregion because it is concentrated locally and pays highwages. Although vulnerable to stock and bond marketfluctuations, the...

Much of the discourse about regional andlocal economic development strategiesin the United States over the pasttwenty-five years has looked like asearch for general rules. Very few such rules have emerged,in part because—like all policy debates—there have beenlarge inputs of ideology and...

The ability to cooperate in collective action problems — such as those relating to the useof common property resources or the provision of local public goods — is a key determinant ofeconomic performance. In this paper we discuss two aspects of collective action problemsin developing...

We analyze the effect of inequality in the distribution of endowment of a private input (briefly,wealth) that is complementary in production with a collective input on effciency. The collective inputis the outcome of a collective action problem (e.g., contribution to pure or impure public goods...