Investment and Disinvestment in New York, 1960-80
Bibliographic Data
| ID | 9770505 |
|---|---|
| Authors | Glenn Yago (corresponding author), Hyman Korman, Sen‐yuan Wu, SEN-YUAN WU, Michael Schwartz (0000-0003-3388-7413) |
| Year | 1984 |
| Volume | 475 |
| Issue | 1 |
| Pages | 28-38 |
| Publication date | 1984-09-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | The Annals of the American Academy of Political and Social Science (JOURNAL) |
| Journal identifiers | ISSN: 0002-7162 • E-ISSN: 1552-3349 |
| Publisher | SAGE Publications (PUBLISHER • US) |
| DOI | 10.1177/0002716284475001003 |
| OpenAlex | W2119410909 |
| Language | EN |
| Citations received | 11 |
| References cited | 5 |
Job loss and plant closings have, until recently, been considered part of the inevitable cycle adjustments of economic growth. Since the late 1970s, however, a multifaceted debate has developed relating to the possible permanence of industrial decline in the American Northeast. Postindustrial and product life-cycle theories maintain an optimistic perspective predicting offsetting job gains in new sectors; while capital mobility theory predicts accelerated job loss and long-term depression. Evidence from the New York State Industrial Migration File offers little cause for optimism. Between 1960 and 1980, state job capacity declined by 200,000, a result of both an increase in disinvestment and a decrease in new investment. Contraction took place in every region and industrial sector. There is questionable evidence of compensatory expansion to offset contraction during most years as a consequence of physical changes in plant and equipment investment. Multilocal firms showed a much greater propensity to disinvest than local firms, suggesting support for capital mobility theory
Deindustrialization · Disinvestment · Economics · Economy · Foreign direct investment · Investment (military · Job loss · Labour economics · Macroeconomics · Optimism · Unemployment · Cultural Industries and Urban Development · Economic Growth and Productivity · Regional Economics and Spatial Analysis
Restructuring or Destructuring
The Emerging Suburban Service Economy
The Market for Local Economic Development
City Limits and the Growth of Suburban Retail Trade, 1982-1987
Urban Dependencies
Enduring rust
The geography of corporate production
The Political Economic Power of Finance Capital and Urban Fiscal Crisis
The Policy Response to Factory Closings
Using Producer Incentives to Achieve Social Objectives
Socioeconomic Impacts of Disinvestment on Communities in New York State
| Unique citing works | 11 |
|---|---|
| Citations per year | 0,26 |
| Citation span | 1984 - 2019 (36) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 11 |