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The 2021 Paycheck Protection Program Reboot : Loan Disbursement to Employer and Nonemployer Businesses in Minority Communities
Fairlie, Robert W.; Fossen, Frank M. - National Bureau of Economic Research - 2022
Was the $278 billion reboot of the $800 billion Paycheck Protection Program (PPP) in early 2021 disbursed equitably to minority communities? This paper provides the first analysis of how PPP funds were disbursed to minority communities in the third and final round of the program, which was...
Persistent link: https://www.econbiz.de/10012938701
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Do Cash Windfalls Affect Wages? Evidence from R&D Grants to Small Firms
Howell, Sabrina T. - 2020
, but productivity growth cannot fully explain the immediate effect on earnings. Instead, the data and a grantee survey are …
Persistent link: https://www.econbiz.de/10012479241
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The Targeting and Impact of Paycheck Protection Program Loans to Small Businesses
Bartik, Alexander W. - 2020
The Paycheck Protection Program (PPP) aimed to quickly deliver hundreds of billions of dollars of loans to small businesses, with the loans administered via private banks. In this paper, we use firm-level data to document the demand and supply of PPP funds. Using an instrumental variables...
Persistent link: https://www.econbiz.de/10012481476
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The Direct and Indirect Effects of Small Business Administration Lending on Growth : Evidence from U.S. County-Level Data
Young, Andrew T. - 2014
Conventional wisdom suggests that small businesses are innovative engines of Schumpetarian growth. However, as small businesses, they are likely to face credit rationing in financial markets. If true then policies that promote lending to small businesses may yield substantial economy-wide...
Persistent link: https://www.econbiz.de/10012458122
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Do Subsidies to Commercial R&D Reduce Market Failures? Microeconomic Evaluation Studies
Klette, Tor Jakob - 1999
A number of market failures have been associated with R&D investments and significant amounts of public money have been spent on programs to stimulate innovative activities. In this paper, we review some recent microeconomic studies evaluating effects of government sponsored commercial R&D. We...
Persistent link: https://www.econbiz.de/10012471860
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COVID-19 and SME Failures
Gourinchas, Pierre-Olivier - 2020
aggregate supply, productivity, and demand shocks. We estimate a large increase in the failure rate of SMEs under COVID-19 of …We estimate the impact of the COVID-19 crisis on business failures among small and medium size enterprises (SMEs) in …, Education, and Other Services are among the most affected sectors. The jobs at risk due to COVID-19 related SME business …
Persistent link: https://www.econbiz.de/10012481180
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The Effects of Research & Development Funding On Scientific Productivity : Academic Chemistry, 1990-2009
Rosenbloom, Joshua L. - 2014
This article examines the relationship between Research & Development (R&D) funding and the production of knowledge by academic chemists. Using articles published, either raw counts or adjusted for quality, we find a strong, positive causal effect of funding on knowledge production. This effect...
Persistent link: https://www.econbiz.de/10012458070
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The Plant-Level View of an Industrial Policy : The Korean Heavy Industry Drive of 1973
Kim, Minho; Lee, Munseob; Shin, Yongseok - National Bureau of Economic Research - 2021
productivity of the targeted industries and regions grew significantly faster than those of non-targeted ones. While the plant …-level total factor productivity also grew faster in targeted industries and regions, the misallocation of resources within them … got significantly worse, especially among the entrants, so that the total factor productivity at the industry-region level …
Persistent link: https://www.econbiz.de/10012629472
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The Effect of Public Funding on Research Output : the New Zealand Marsden Fund
Gush, Jason - 2015
We estimate the impact of participating in the NZ Marsden Fund on research output trajectories, by comparing the subsequent performance of funded researchers to those who submitted proposals but were not funded. We control for selection bias using the evaluations of the proposals generated by...
Persistent link: https://www.econbiz.de/10012457017
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Moonshot : Public R&D and Growth
Kantor, Shawn Everett; Whalley, Alexander T. - National Bureau of Economic Research - 2023
We estimate the long-term effect of public R&D on growth in manufacturing by analyzing new data from the Cold War era Space Race. We develop a novel empirical strategy that leverages US-Soviet rivalry in space technology to isolate windfall R&D spending. Our results demonstrate that public R&D...
Persistent link: https://www.econbiz.de/10014322858