Current Issues in Economics and Finance
Second District Highlights

Challenges Facing the New York Metropolitan Area Economy

January 2006Volume 12, Number 1
JEL classification: R1, O1

Authors: James Orr and Giorgio Topa

The skilled and well-educated workforce of the NewYork 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.

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