Knowledge in Cities

44 Pages Posted: 15 Sep 2010

See all articles by Todd M. Gabe

Todd M. Gabe

University of Maine - School of Economics

Jaison R. Abel

Federal Reserve Bank of New York

Adrienne Ross

AQR Capital Management, LLC

Kevin Stolarick

University of Toronto - Rotman School of Management

Date Written: September 2010

Abstract

This study identifies clusters of U.S. and Canadian metropolitan areas with similar knowledge traits. These groups -- ranging from Making Regions, characterized by knowledge about manufacturing, to Thinking Regions, noted for knowledge about the arts, humanities, information technology, and commerce -- can be used by analysts and policymakers for the purposes of regional benchmarking or comparing the types of programs and infrastructure available to support closely related economic activities. In addition these knowledge-based clusters help explain the types of regions that have levels of economic development that exceed, or fall short of, other places with similar amounts of college attainment. Regression results show that Engineering, Enterprising, and Building Regions are associated with higher levels of productivity and earnings per capita, while Teaching, Understanding, Working, and Comforting Regions have lower levels of economic development.

Keywords: knowledge, occupations, economic development

JEL Classification: R11, O18, J24

Suggested Citation

Gabe, Todd M. and Abel, Jaison R. and Ross, Adrienne and Stolarick, Kevin, Knowledge in Cities (September 2010). FRB of New York Staff Report No. 470. Available at SSRN: https://ssrn.com/abstract=1673492 or http://dx.doi.org/10.2139/ssrn.1673492

Todd M. Gabe

University of Maine - School of Economics ( email )

Orono, ME 04469-5774
United States

Jaison R. Abel (Contact Author)

Federal Reserve Bank of New York ( email )

33 Liberty Street
New York, NY 10045
United States

Adrienne Ross

AQR Capital Management, LLC ( email )

Greenwich, CT
United States

Kevin Stolarick

University of Toronto - Rotman School of Management ( email )

105 St. George Street
Toronto, Ontario M5S 3E6 M5S1S4
Canada

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