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Full-Text Articles in Social and Behavioral Sciences
Economic Currents: The State Of The State Economy, Alan Clayton-Matthews
Economic Currents: The State Of The State Economy, Alan Clayton-Matthews
Public Policy and Public Affairs Faculty Publication Series
Massachusetts is still in a recession. Forecasts made earlier in the year — that the state economy would be experiencing modest growth by now — have been revised. Instead, it continues to contract. Joining long-suffering sectors such as technology and manufacturing, finance and state government are now making employment cuts. Even consumers, whose continued spending has been a last stronghold of the state economy, are showing signs of distress. Will the Commonwealth follow the nation on the road to recovery, or is our trajectory taking us elsewhere?
Economic Currents: The State Of The State Economy, Alan Clayton-Matthews
Economic Currents: The State Of The State Economy, Alan Clayton-Matthews
Public Policy and Public Affairs Faculty Publication Series
While no longer contracting, the Massachusetts economy has not yet turned the corner, either. Delays in the recovery of the technology sector, along with state government fiscal problems, have offset modest expansion in health, education, and residential real estate. But consumer confidence and spending, buoyed by low interest rates and rising home equity, have been making up for weak business capital spending. Could slow growth be just ahead?
Economic Currents: The State Of The State Economy, Alan Clayton-Matthews
Economic Currents: The State Of The State Economy, Alan Clayton-Matthews
Public Policy and Public Affairs Faculty Publication Series
The Commonwealth’s economy appears to have bottomed out and may already have started to expand. The Massachusetts Leading Economic Index for February forecasts that real gross state product will grow at an annualized rate of 1.8 percent through August. This is the fourth consecutive positive reading. Furthermore, the current economic index has remained steady for three months in a row.
A Tale Of Two Decades: Changes In Work And Earnings In Massachusetts, 1979–1999, Randy Albelda, Marlene Kim
A Tale Of Two Decades: Changes In Work And Earnings In Massachusetts, 1979–1999, Randy Albelda, Marlene Kim
Economics Faculty Publication Series
Over the past twenty years, Massachusetts has replaced the mantle of old-style manufacturing with a robust “new economy.” Our economic vitality has never been better. But not all individuals benefited from the 1990s boom as they had from the one a decade earlier. Some of our residents are worse off than they were before.
Medical Devices: A Stronghold Of The Commonwealth's Economy, Alan Clayton-Matthews
Medical Devices: A Stronghold Of The Commonwealth's Economy, Alan Clayton-Matthews
Public Policy and Public Affairs Faculty Publication Series
We benefit from medical devices throughout our lives: Prenatal development is monitored by ultrasound devices, sports injuries are diagnosed with magnetic resonance imaging and fixed with arthroscopic tools, and heart blockages are cleared with angioplasties and drug-coated stents. Devices include the simple and mundane—eyeglasses and thermometers—and stretch to the boundaries of technology—laser scalpels, needles embedded with microprocessors, MRI machines, and artificial hearts. All are products of the medical device industry. Massachusetts is one of the nation’s leading states in medical device development and production.
Economic Currents: The State Of The State Economy, Alan Clayton-Matthews
Economic Currents: The State Of The State Economy, Alan Clayton-Matthews
Public Policy and Public Affairs Faculty Publication Series
It all seems clear in hindsight: The national recession began last March and the state recession in December 2000. The difference in timing reflects the importance of technology production and the stock market to the Massachusetts economy.