Cities are an important determinant of state economic performance. As a consequence, states that ignore the economic well-being of their cities risk falling behind. Cities whose economies are stagnant, whose residents suffer from poverty and unemployment, whose budgets are in chronic fiscal...
Examining the drivers of metropolitan economic performance, we model two dependent variables: change from 1990 to 2000 in gross metropolitan product and MSA employment. We find that initial year economic structure (an above average share of manufacturing employment), agglomeration economies,...
Economic shocks occur periodically to metropolitan economies, though the effect that these
shocks have varies from region to region as does the region’s adjustment and recovery to them. In this paper we examine the nature and extent of these shocks, their effects on regional
economies (some...
The fundamental question we address is: What accounts for urban performance? By urban performance we mean change over time in important indicators of urban well-being such as income, jobs, crime rate, housing affordability, etc. Change in these indicators might result from several factors,...