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 |
