Search Results
Journal Article
Economic restructuring in western New York State
We explore the distinctive patterns of Buffalo and Rochester's economic restructuring in detail. We compare the board structural changes in Buffalo's economy with those in Rochester's, and the changes in both metropolitan economies with those in the national economy. We also seek to understand the roots of these changes through an analysis of industry-level data. We find that although Buffalo and Rochester remain highly dependent on goods production and distribution, both cities have followed the national trend away from goods producing industries and toward service industries.
Journal Article
How New York State's agriculture industry is staying competitive
We examine some of the challenges facing New York's agriculture industry and outline some innovative responses. We distinguish between two types of agriculture: commodities and value-added consumer foods. We show that commodities are a small fraction of the agriculture industry in New York State and are not a growing market segment, while value-added goods are the primary products of New York farms and represent a market segment that is growing significantly. We then briefly discuss important strategies that agricultural producers are using to remain competitive, including the adoption of ...
Journal Article
Vitality in upstate medical manufacturing
We describe the medical manufacturing industry generally and examine the industry's presence in upstate New York and its metropolitan areas. We show that upstate has a considerable employment concentration in the manufacture of both medical devices and pharmaceuticals. This activity is distributed widely among the region's metropolitan areas, with Buffalo, Glens Falls, Rochester, Syracuse, and Utica specializing in the industry overall and Albany showing strength in two subindustries.
Journal Article
Population out-migration from Upstate New York
We identify the nature and extent of the out-migration from the upper New York State region and examine its economic impact. Our analysis begins with an explanation for the outflow. Next, we describe population growth trends and estimate the extent of the out-migration. We conclude by showing how out-migration is reshaping upstate New York's economy and demographics, and is resulting in limited growth and a population that is aging faster than most U.S. populations.
Journal Article
The foundations and practice of historic preservation
The authors examine historic preservation and show why it serves as an important force in the economy, discussing the motivations for historic preservation and how the practice has evolved, and explaining why government plays a role in preservation and how policy is implemented. Problems created by the competition between preservation and other interests are presented.
Journal Article
Roundtables explore the challenges faced by rural economies
The Federal Reserve Bank of New York's Buffalo Branch and Office of Regional and Community Affairs conducted a series of roundtable talks in May 2001. The talks, cosponsored by the Independent Bankers of New York State, the North Country Alliance, and the Rural Housing Coalition, were held to determine what issues most concern the region's rural communities and to give participants an opportunity to share information that might help in planning economic growth strategies.
Journal Article
The changing composition of upstate New York's workforce
We use newly available data from the 2000 census to assess the occupational composition of the upstate New York workforce and to analyze how it has changed since the 1990 census. We also compare the evolving mix of occupations in our region with that of the nation as a whole, an approach that allows us to identify upstate New York's areas of specialization and some unique features of the changes in the region's labor market.
Journal Article
The upstate economy under the new NAICS classification system
We examine the composition of the upstate New York economy as reflected by the new NAICS (North American Industry Classification System) classifications, and explain how this new perspective changes our understanding of the economy. In addition, given the importance of manufacturing to upstate New York, we examine in detail the manufacturing sector under the new NAICS classification.
Journal Article
Understanding regional economic growth in the new economy: industry clusters
This article seeks to explain why industry clusters are receiving so much attention. It discusses how and why clusters form, what makes them successful, and why they are believed to contribute to regional economic growth. The article also examines what the evidence on industry clusters suggests about local economic development, and describes strategies used by communities adopting a cluster approach. The final section outlines New York State's efforts to identify the industry clusters that are important to its economy, as well as the challenges faced in this process.
Journal Article
Tourism's role in the upstate New York economy
We begin with a broad discussion of how tourism has emerged as a force in the U.S. and regional economies. We follow with an examination of the industry's size and growth in upstate New York. We also show that the state's rural economy is generally more dependent on tourism than are its metro areas. Finally, despite its size, upstate New York's tourism industry is growing faster than the overall economies of Dutchess Country, Glens Falls, Jamestown, and Binghamton - thus making the industry an increasingly important contributor to growth.