Documents changing patterns in California’s manufactured information technology exports during the recent boom and bust period (1997-2003). Finds that much of the decline in the total value of exports (which dropped by $25 billion or 42% between 2000 and 2003) stemmed from lower purchases of California commodities worldwide. Concludes that the vast majority of the drop-off in California’s share of U.S exports stems from redirection of purchases away from California to other states. Explores possible reasons why this has occurred.
Topics
Economic Growth Economy