New Measures of Economic Growthand Productivity in Upstate New York

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Second District Highlights

New Measures of Economic Growth
and Productivity in Upstate New York

December 2008 Volume 14, Number 9

JEL classification: R10, R11

Authors: Jaison R. Abel and Richard Deitz

Newly available measures of GDP at the metropolitan area level now afford a more comprehensive view of regional economic activity. An analysis of upstate New York’s economic performance using these measures points to below-average output growth between 2001 and 2006 along with productivity levels and productivity growth below the U.S. average. The region’s performance overall, however, is somewhat better than that of many manufacturing-oriented metro areas in the Great Lakes region.

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