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Credit market failure intervention: Do government sponsored small business credit programs enrich poorer areas?

Author Info

  • Ben Craig
  • William Jackson

    ()

  • James Thomson

Abstract

No abstract is available for this item.

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File URL: http://hdl.handle.net/10.1007/s11187-007-9050-5
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Article provided by Springer in its journal Small Business Economics.

Volume (Year): 30 (2008)
Issue (Month): 4 (April)
Pages: 345-360

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Handle: RePEc:kap:sbusec:v:30:y:2008:i:4:p:345-360
Contact details of provider: Web page: http://www.springerlink.com/link.asp?id=100338

Keywords: Low-income areas; Employment rates; Small business; Credit markets; Loan guarantees; Credit rationing; G38; H81; O16; L26;

Find related papers by JEL classification:

  • G38 - Financial Economics - - Corporate Finance and Governance - - - Government Policy and Regulation
  • H81 - Public Economics - - Miscellaneous Issues - - - Governmental Loans; Loan Guarantees; Credits; Grants; Bailouts
  • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
  • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship

References listed on IDEAS
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  1. Paul S. Calem & Gerald A. Carlino, 1989. "The concentration/conduct relationship in bank deposit markets," Working Papers 89-26, Federal Reserve Bank of Philadelphia.
  2. King, Robert G. & Levine, Ross, 1993. "Finance and growth : Schumpeter might be right," Policy Research Working Paper Series 1083, The World Bank.
  3. Ben R. Craig & William E. Jackson & James B. Thomson, 2005. "SBA guaranteed lending and local economic growth," FRB Atlanta Working Paper 2005-28, Federal Reserve Bank of Atlanta.
  4. Rajan, Raghuram G & Zingales, Luigi, 1998. "Financial Dependence and Growth," American Economic Review, American Economic Association, vol. 88(3), pages 559-86, June.
  5. Ross Levine, 1997. "Financial Development and Economic Growth: Views and Agenda," Journal of Economic Literature, American Economic Association, vol. 35(2), pages 688-726, June.
  6. Guiso, Luigi & Sapienza, Paola & Zingales, Luigi, 2002. "Does Local Financial Development Matter?," CEPR Discussion Papers 3307, C.E.P.R. Discussion Papers.
  7. Mitchell A. Petersen & Raghuram G. Rajan, 1994. "The Effect of Credit Market Competition on Lending Relationships," NBER Working Papers 4921, National Bureau of Economic Research, Inc.
  8. Ben R. Craig & William E. Jackson & James B. Thomson, 2004. "On SBA-guaranteed lending and economic growth," Working Paper 0403, Federal Reserve Bank of Cleveland.
  9. Petersen, Mitchell A & Rajan, Raghuram G, 1994. " The Benefits of Lending Relationships: Evidence from Small Business Data," Journal of Finance, American Finance Association, vol. 49(1), pages 3-37, March.
  10. Sherrill Shaffer, 2006. "Establishment Size by Sector and County-Level Economic Growth," Small Business Economics, Springer, vol. 26(2), pages 145-154, 03.
  11. Walker F. Todd, 1992. "History of and rationales for the Reconstruction Finance Corporation," Economic Review, Federal Reserve Bank of Cleveland, issue Q IV, pages 22-35.
  12. Stiglitz, Joseph E & Weiss, Andrew, 1981. "Credit Rationing in Markets with Imperfect Information," American Economic Review, American Economic Association, vol. 71(3), pages 393-410, June.
  13. Shaffer, Sherrill, 2004. "Patterns of competition in banking," Journal of Economics and Business, Elsevier, vol. 56(4), pages 287-313.
  14. Jackson, William E, III, 1992. "Is the Market Well Defined in Bank Merger and Acquisition Analysis?," The Review of Economics and Statistics, MIT Press, vol. 74(4), pages 655-61, November.
  15. Sherrill Shaffer, 1994. "Bank competition in concentrated markets," Business Review, Federal Reserve Bank of Philadelphia, issue Mar, pages 3-16.
  16. Cowling, Marc & Mitchell, Peter, 2003. "Is the Small Firms Loan Guarantee Scheme Hazardous for Banks or Helpful to Small Business?," Small Business Economics, Springer, vol. 21(1), pages 63-71, August.
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Cited by:

  1. Ben R. Craig & William E. Jackson, III & James B. Thomson, 2007. "Does government intervention in the small-firm credit market help economic performance?," Policy Discussion Papers, Federal Reserve Bank of Cleveland, issue Aug.
  2. repec:pab:wpbsad:12.08 is not listed on IDEAS
  3. Cowan, Kevin & Drexler, Alejandro & Yañez, Álvaro, 2015. "The effect of credit guarantees on credit availability and delinquency rates," Journal of Banking & Finance, Elsevier, vol. 59(C), pages 98-110.
  4. Renaud Bourlès & Anastasia Cozarenco, 2013. "State intervention and the (micro)credit market in developed countries: loan guarantee and business development services," Working Papers CEB 13-019, ULB -- Universite Libre de Bruxelles.
  5. Andrew T. Young & Matthew J. Higgins & Donald J. Lacombe & Briana Sell, 2014. "The Direct and Indirect Effects of Small Business Administration Lending on Growth: Evidence from U.S. County-Level Data," Working Papers 14-35, Department of Economics, West Virginia University.
  6. Kapinos, Pavel & Gurley-Calvez, Tami & Kapinos, Kandice, 2016. "(Un)expected housing price changes: Identifying the drivers of small business finance," Journal of Economics and Business, Elsevier, vol. 84(C), pages 79-94.
  7. Anahí Briozzo & Clara Cardone-Riportella, 2012. "Evaluating the Impact of Public Programs of Financial Aid to SMEs during times of crisis: The Spanish Experience," Working Papers 12.04, Universidad Pablo de Olavide, Department of Financial Economics and Accounting (former Department of Business Administration).
  8. Renaud Bourlès & Anastasia Cozarenco, 2014. "State intervention and the microcredit market: the role of business development services," Small Business Economics, Springer, vol. 43(4), pages 931-944, December.

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