Abstract
Jason Faberman (2002) "Longitudinal Analysis of Economic Impacts: A
Case Study of the Rust Belt."
The "Rust Belt" region of the U.S., located mostly in the Central and
Northeastern portions of the country, has for decades been characterized
by a strong manufacturing presence. Consequently, the employment
dynamics of the region paralleled the stagnant growth associated with
this industry. During the 1990's, an economic boom resounded across all
sectors of the economy. Within Michigan, Ohio, and Pennsylvania, local
labor markets flourished, but the extent to which each grew varied
widely.
This paper uses the variation in economic outcomes across
metropolitan areas over the 1992-2000 period to study the
cross-sectional relations between employment growth, job flows, and
establishment characteristics. The study finds that the metropolitan
areas with high growth had the high rates of job creation and job
destruction, as well as establishments that were larger and younger, on
average. Differences in industry composition had a minimal role in these
findings.
Last Modified Date: March 19, 2003
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