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Racial Disparities in Access to Small Business Credit : Evidence from the Paycheck Protection Program

Howell, Sabrina T.; Kuchler, Theresa; Snitkof, David; … - National Bureau of Economic Research - 2021

Program (PPP), which was designed to support small business jobs during the COVID-19 pandemic. PPP loans were administered by … lending by race. We document that even after controlling for a firm's zip code, industry, loan size, PPP approval date, and … other characteristics, Black-owned businesses were 12.1 percentage points (70% of the mean) more likely to obtain their PPP …

Persistent link: https://www.econbiz.de/10012660042

Temporary Layoffs, Loss-of-Recall and Cyclical Unemployment Dynamics

Gertler, Mark; Huckfeldt, Christopher K.; Trigari, Antonella - National Bureau of Economic Research - 2022

We revisit the role of temporary layoffs in the business cycle, motivated by their unprecedented surge during the pandemic recession. We first measure the contribution of temporary layoffs to unemployment dynamics over the period 1979 to the present. While many have emphasized a stabilizing...

Persistent link: https://www.econbiz.de/10013334353

Screen Now, Save Later? The Trade-Off between Administrative Ordeals and Fraud

Aman-Rana, Shan; Gingerich, Daniel W.; Sukhtankar, Sandip - National Bureau of Economic Research - 2023

in US history: the Paycheck Protection Program (PPP). Employing a database that includes nearly 11.5 million PPP loans …

Persistent link: https://www.econbiz.de/10014322752

From Scarcity to Abundance : Government and Private Initiatives to Manage the Allocation of N95 Masks in the U.S. During the COVID-19 Pandemic

Joskow, Paul L. - National Bureau of Economic Research - 2022

This paper examines the structure, behavior and performance of the N95 respirator market in the U.S. before and during the COVID-19 pandemic (2020-early 2022). It focuses on the behavior and performance of government and private sector organizations in the allocation of scarce supplies of N95...

Persistent link: https://www.econbiz.de/10013172175

When and How to Use Public-Private Partnerships in Infrastructure : Lessons From the International Experience

Engel, Eduardo - 2020

Public-private partnerships (PPPs) have emerged as a new organizational form to provide public infrastructure over the last 30 years. Governments find them attractive because PPPs can be used to avoid fiscal check-and-balances and increase spending. At the same time, PPPs can lead to important...

Persistent link: https://www.econbiz.de/10012479290

Economic Analysis and Infrastructure Investment

Glaeser, Edward L. - 2020

This paper summarizes economic research on investment in public infrastructure and introduces the findings of several new studies on this topic. It begins with a review of several potential justifications for the public sector's involvement in building, financing, and operating infrastructure,...

Persistent link: https://www.econbiz.de/10012482434

Contractual Rigidity and Political Contestability : Revisiting Public Contract Renegotiations

Beuve, Jean; Moszoro, Marian W.; Spiller, Pablo T. - National Bureau of Economic Research - 2021

We present a model of public procurement in which both contractual flexibility and political tolerance for contractual deviations determine renegotiations. In the model, contractual flexibility allows for adaptation without formal renegotiation while political tolerance for deviations decreases...

Persistent link: https://www.econbiz.de/10012482706

Soft Budgets and Renegotiations in Public-Private Partnerships

Engel, Eduardo - 2009

We show that existing accounting standards allow governments to renegotiate PPP contracts and elude spending limits … Chilean renegotiations of PPP contracts to examine these predictions and find that the evidence is consistent with the … predictions of our model. Finally, we show that if PPP investments are counted as current government spending, the incentives to …

Persistent link: https://www.econbiz.de/10012463350

Bringing Science to Market : Commercializing from NIH SBIR Awards

Link, Albert N. - 2008

We offer empirical information on the correlates of commercialization activity for research projects funded through the U.S. National Institutes of Health's (NIH's) Small Business Innovation Research (SBIR) award program. Based on this analysis we suggest possible recommendations for improving...

Persistent link: https://www.econbiz.de/10012464589

The Basic Public Finance of Public-Private Partnerships

Engel, Eduardo - 2007

Public-private partnerships (PPPs) cannot be justified because they free public funds. When PPPs are justified on efficiency grounds, the contract that optimally balances demand risk, user-fee distortions and the opportunity cost of public funds, features a minimum revenue guarantee and a...

Persistent link: https://www.econbiz.de/10012465367