Challenges Facing the New York Metropolitan Area Economy

7 Pages Posted: 24 Feb 2006

See all articles by James Orr

James Orr

Federal Reserve Bank of New York

Giorgio Topa

Federal Reserve Bank of New York

Abstract

The skilled and well-educated workforce of the New York metropolitan area has played a large role in enabling the region to withstand adverse economic shocks and adapt successfully to a services economy. A further expansion of this "human capital" will enable the metro area to meet the challenges ahead: attracting new firms, maintaining immigration flows, and competing successfully with fast-growing metro areas in other parts of the country.

Keywords: human capital, growth in cities, industrial transformation, new york metro area, immigration

JEL Classification: R1, O1

Suggested Citation

Orr, James and Topa, Giorgio, Challenges Facing the New York Metropolitan Area Economy. Current Issues in Economics and Finance, Vol. 12, No. 1, January 2006. Available at SSRN: https://ssrn.com/abstract=886519

James Orr (Contact Author)

Federal Reserve Bank of New York ( email )

33 Liberty Street
New York, NY 10045
United States

Giorgio Topa

Federal Reserve Bank of New York ( email )

33 Liberty Street
New York, NY 10045
United States

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