March 29, 2011

Metropolitan Areas and Economic Growth

A recent Brookings Institution report highlights the importance of metropolitan areas to the nation’s economic growth. In all but three states, metropolitan areas generate the majority of economic output.

Metropolitan areas also have disproportionate shares of assets that are critical to economic growth, including population, exports, lower-carbon commuters (those not driving alone to work), working-age people with a post-secondary degree, and people employed in science and engineering.

According to the report, four metropolitan areas in Connecticut (Hartford-West Hartford-East Hartford, Bridgeport-Stamford-Norwalk, New Haven-Milford, and Norwich-New London) generate 95% of the state’s economic output.