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Federal Credit Programs and Local Economic Performance

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dc.contributor.authorShaffer, Sherrill
dc.contributor.authorCollender, Robert N.
dc.date.accessioned2015-12-08T22:18:34Z
dc.date.issued2009
dc.date.updated2016-02-24T11:45:43Z
dc.description.abstractSeveral 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 trade-offs suggest a need to compare policy objectives with acceptable costs in many cases. Overall, the results are consistent with theoretical predictions and with some standard policy objectives.
dc.identifier.issn0891-2424
dc.identifier.urihttp://hdl.handle.net/1885/31403
dc.publisherSage Publications Inc
dc.sourceEconomic Development Quarterly
dc.subjectKeywords: credit provision; economic development; economic growth; financial market; interest rate; metropolitan area; performance assessment; theoretical study; trade-off; North America; United States Economic performance; Government credit; Growth; Volatility
dc.titleFederal Credit Programs and Local Economic Performance
dc.typeJournal article
local.bibliographicCitation.issue1
local.bibliographicCitation.lastpage43
local.bibliographicCitation.startpage28
local.contributor.affiliationShaffer, Sherrill, College of Asia and the Pacific, ANU
local.contributor.affiliationCollender, Robert N., Office of Federal Housing Enterprise Oversight
local.contributor.authoruidShaffer, Sherrill, u4757163
local.description.embargo2037-12-31
local.description.notesImported from ARIES
local.identifier.absfor140210 - International Economics and International Finance
local.identifier.ariespublicationu9000694xPUB82
local.identifier.citationvolume23
local.identifier.doi10.1177/0891242408324520
local.identifier.scopusID2-s2.0-58149496987
local.type.statusPublished Version

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