Bram, Jason; Haughwout, Andrew; Orr, James - Federal Reserve Bank <New York, NY> - 2002
,which could generate a cumulative downward spiral of job andincome growth. On the other hand, the city’s industrialstructure and … its quality-of-life amenities—namely, anindustrial mix weighted toward high-growth sectors and anenvironment desirable to … workers and firms—suggestfavorable economic prospects. However, whether or not theseprospects translate into actual growth …