New York States Merchandise Export Gap - FEDERAL RESERVE BANK of NEW YORK

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Current Issues in Economics and Finance

New York State's Merchandise Export Gap

November 1996 Volume 2 Number 12

JEL classification: F14, R11

Authors: Howard Howe and Mark Leary

New York's merchandise export performance has trailed the nation's for several years. The cause of this gap is not easy to identify: the state maintains a relatively healthy mix of customer markets, remains well represented in industries with strong foreign demand, and continues to enjoy declining labor costs. A broader look at New York's competitiveness, however, reveals that high nonlabor costs may be hurting the state's manufacturing sector and thus its volume of exports.

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6 pages / 79 kb

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