Government Guaranteed Small Business Loans and Regional Growth

  title={Government Guaranteed Small Business Loans and Regional Growth},
  author={Y. Lee},
  journal={Entrepreneurship & Finance eJournal},
  • Y. Lee
  • Published 2017
  • Business
  • Entrepreneurship & Finance eJournal
  • This paper examines the impact of government guaranteed small business loans on regional growth. I construct a metro-level panel of the Small Business Administration’s guaranteed loans and examine economic growth between 1993 and 2002, across 316 metro areas in the US. A simple OLS regression finds a significant positive relationship between small business loans and regional growth. However, first-difference and instrumental variable regressions that mitigate endogeneity find no significant… CONTINUE READING
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