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[...]This paper empirically examines the spatial and temporalresponses of the New York City economy to a large, butspatially concentrated, exogenous shock to its capital stock:the terrorist attacks of September 11, 2001. Our focus on thecity’s response allows us to draw inferences about how...
Persistent link: https://www.econbiz.de/10005869694
[...]In this article, we analyze the effects of September 11 on thelonger run prospects for the New York City economy. We findthat, on the one hand, several downside risks to the city’sgrowth outlook have arisen. In a worst-case scenario, theconcentration of the attack on Lower Manhattan has...
Persistent link: https://www.econbiz.de/10005869861
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...
Persistent link: https://www.econbiz.de/10005870273
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...
Persistent link: https://www.econbiz.de/10005870329
[...]What explains New York’s ongoing ability to dominateAmerica’s urban landscape? In this paper, we explore theeconomic history of the city and argue that three themesemerge. First, New York’s emergence as the nation’s premier port was not the result of happenstance followed by...
Persistent link: https://www.econbiz.de/10005869688
[...]This paper builds primarily on research on agglomerationeconomies. Much of the empirical work on agglomeration hassought to estimate the effect on productivity of anestablishment’s local environment. The estimation hassometimes involved direct estimates of productivity(Henderson 2003) and...
Persistent link: https://www.econbiz.de/10005869690
[...]This paper documents the impact of recent changes inimmigration settlement patterns on the skill endowment ofimmigrants in the New York metropolitan area. The empiricalanalysis uses the available U.S. census microdata between 1970and 2000 to examine two related questions that inevitably lie...
Persistent link: https://www.econbiz.de/10005869701
internal rivalry. Driven by deregulation and advances in information technologies, many historical institutional distinctions …
Persistent link: https://www.econbiz.de/10009360900
After many years of large drops in the cost information and communicationtechnology, the evidence on its impact on … productivity growth in non-IT produc-ing sectors continues to be mixed.We propose a framework to study the impactof information and … organizations depend on the cost of communicating andacquiring information. We …nd that while advances in information technologythat …
Persistent link: https://www.econbiz.de/10008860686
Persistent link: https://www.econbiz.de/10013276801