全球智库信息集成服务系统(G2TT): The Direct and Indirect Effects of Small Business Administration Lending on Growth: Evidence from U.S. County-Level Data

G2TT

来源类型	Working Paper
规范类型	报告
DOI	10.3386/w20543
来源ID	Working Paper 20543
	The Direct and Indirect Effects of Small Business Administration Lending on Growth: Evidence from U.S. County-Level Data
	Andrew T. Young; Matthew J. Higgins; Donald J. Lacombe; Briana Sell
发表日期	2014-10-06
出版年	2014
语种	英语
摘要	Conventional wisdom suggests that small businesses are innovative engines of Schumpetarian growth. However, as small businesses, they are likely to face credit rationing in financial markets. If true then policies that promote lending to small businesses may yield substantial economy-wide returns. We examine the relationship between Small Business Administration (SBA) lending and local economic growth using a spatial econometric framework across a sample of 3,035 U.S. counties for the years 1980 to 2009. We find evidence that a county's SBA lending per capita is associated with direct negative effects on its income growth. We also find evidence of indirect negative effects on the growth rates of neighboring counties. Overall, a 10% increase in SBA loans per capita is associated with a cumulative decrease in income growth rates of about 2%.
主题	Econometrics ; Estimation Methods ; Macroeconomics ; Fiscal Policy ; Public Economics ; Taxation ; Development and Growth ; Growth and Productivity ; Regional and Urban Economics ; Regional Economics
URL	https://www.nber.org/papers/w20543
来源智库	National Bureau of Economic Research (United States)
引用统计
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/578217
推荐引用方式 GB/T 7714	Andrew T. Young,Matthew J. Higgins,Donald J. Lacombe,et al. The Direct and Indirect Effects of Small Business Administration Lending on Growth: Evidence from U.S. County-Level Data. 2014.