Friday, January 19, 2007

PEQ

For those who don't get it in the mail, the next issue of the Pittsburgh Economic Quarterly is out.

2 Comments:

Anonymous Anonymous said...

In the NYT last week there was an article about how New Orlean's population was much larger than what the economy could reasonably support, leading to very low labor force participation rates. I tried to see if I could find comparable statistics for Allegheny County, and failed to find something that matched up completely, but did gather that in Pittsburgh population mobility (meaning people moving out) established an equilibrium between populuation and the economy in this region. Basically the economy shrunk, people moved away, and now the unemployment rate is small. The most influential economic restructuring done in the region has been acheived by the rank and file loading up their Ford and driving to North Carolina.
The underlying economy still seems to show a lot of weakness - slow growth and, if I understand the shift-share analysis, a weak competitive position in many areas. Still, the economy has come to look more like the national one, presumably from competition from other national competitors forcing productivity gains (or from national firms locating in the area). From a planning perspective, does the emphasis on pushing development in the central city constrain new entries, and new competition, into the region? Has the Pittsburgh region seen less churning of businesses entering and existing the economy than other regions?

Monday, January 29, 2007 9:41:00 AM  
Blogger C. Briem said...

I have no short answer to that. Was migration of workforce out of the region a big part of economic restructuring here.. absolutely.

I have never really heard this theory that emphasis on central city development has constained growth. Am curious where that is coming from?

"churn" is its own issue and gets to lots of issues driving new company formation. The main explanation for why entrepreneurship rates have been low here come from the legacy of the industry structure here.

Tuesday, January 30, 2007 9:37:00 PM  

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