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Do Government Guaranteed Small Business Loans Increase Employment? Evidence From US Counties, 2010-2016

정주원
서울대학교행정대학원 (gspa(graduate school of public administration seoul national university))|2023.06|Journal of Policy Studies|제38권 제2호|pp. 11-21|DOI https://doi.org/10.52372/jps38202

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키워드

minorityemploymentSmall Business Administration (SBA)guaranteed loanslow-and moderate-income
주제분류정책학

초록

Small businesses in lower-income communities and/or communities with a higher proportion of minorities are more likely to face credit rationing in the financial market. The Small Business Administration (SBA) established loan programs to alleviate the financial constraints experienced by small businesses, particularly those in underserved communities, and to foster economic development. Using data from the SBA’s 7(a) and 504 lending programs and the seven-year county panels from 2010 to 2016, this study provides some evidence that an increase in SBA loans had a positive effect on employment in lower-income counties, particularly where the proportion of the black population was higher.

Abstract

Small businesses in lower-income communities and/or communities with a higher proportion of minorities are more likely to face credit rationing in the financial market. The Small Business Administration (SBA) established loan programs to alleviate the financial constraints experienced by small businesses, particularly those in underserved communities, and to foster economic development. Using data from the SBA’s 7(a) and 504 lending programs and the seven-year county panels from 2010 to 2016, this study provides some evidence that an increase in SBA loans had a positive effect on employment in lower-income counties, particularly where the proportion of the black population was higher.

참고문헌 (28)

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