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Federal Credit Programs and Local Economic Performance

Shaffer, Sherrill; Collender, Robert N.

Description

Several theories of externalities and asymmetric information suggest a positive role for government programs to assist credit markets, though potential distortions by special interests carry attendant dangers. The authors examine the empirical association between funding by several federal government programs and subsequent economic performance, measured six ways, for U.S. metropolitan areas during the 1990s. Significant differences are found across programs and performance measures. Observed...[Show more]

CollectionsANU Research Publications
Date published: 2009
Type: Journal article
URI: http://hdl.handle.net/1885/31403
Source: Economic Development Quarterly
DOI: 10.1177/0891242408324520

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