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The Rise and Fall of Urban Economies
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The Rise and Fall of Urban Economies: Lessons from San Francisco and Los Angeles

Michael Storper, Thomas Kemeny, Naji Makarem, and Taner Osman

Abstract

In 1970, the metropolitan areas of Los Angeles and San Francisco had almost identical levels of income per resident. In 2010, the San Francisco Bay Area was almost one third richer than Los Angeles, which had slipped from 4th rank among cities in the United States to 25th. The usual reasons for explaining such change—good or bad luck, different types of immigrants, tax rates, housing costs, and local economic policies, the pool of skilled labor—do not account for why they perform so differently. Instead, the divergence in economic development of major city regions is largely due to the differe ... More

Keywords: cities, urban economy, organizational change, economic specialization, innovation, economic networks, economic development, urban policy

Bibliographic Information

Print publication date: 2015 Print ISBN-13: 9780804789400
Published to Stanford Scholarship Online: May 2016 DOI:10.11126/stanford/9780804789400.001.0001

Authors

Affiliations are at time of print publication.

Michael Storper, author
School of Public Affairs

Thomas Kemeny, author

Naji Makarem, author

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