Common Trends and Cycles and the Structure of Florida's Economy
12 Pages Posted: 17 Oct 2014
Date Written: July 1, 1997
Florida, like the rest of the nation, has undergone many economic changes in the last quarter-century. Some obvious examples of this ongoing evolution are the decline of the manufacturing base and the growth of international trade. In the case of Florida specifically, the growth of the importance of tourism has also figured significantly. In addition to changes at the state level, Florida’s cities have become less similar over time. As might be expected, these gradual economic changes could at some point cause the state’s metro economies to interact in new ways. For example, labor markets that may have been very similar in structure and behavior in one period may have become more heterogeneous in a later period.
Keywords: Florida, common trends, labor market
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