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The $ 800 Billion Paycheck Protection Program : Where Did the Money Go and Why Did it Go There?
Autor, David H.; Cho, David; Crane, Leland D.; Goldar, Mita - National Bureau of Economic Research - 2022
The Paycheck Protection Program (PPP) provided small businesses with roughly $800 billion dollars in uncollateralized, low-interest loans during the pandemic, almost all of which will be forgiven. With 93 percent of small businesses ultimately receiving one or more loans, the PPP nearly...
Persistent link: https://www.econbiz.de/10012814444
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Did the Paycheck Protection Program Hit the Target?
Granja, João - 2020
Protection Program (PPP), a large and novel small business support program that was part of the initial policy response to the … account for 36% of total pre-policy small business loans, but disbursed less than 3% of all PPP loans in the first round of … activity and how policy transmission depends on the agents delegated to deploy it …
Persistent link: https://www.econbiz.de/10012481679
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Did the $ 660 Billion Paycheck Protection Program and $220 Billion Economic Injury Disaster Loan Program Get Disbursed to Minority Communities in the Early Stages of COVID-19?
Fairlie, Robert W.; Fossen, Frank M. - National Bureau of Economic Research - 2021
Social distancing restrictions and health- and economic-driven demand shifts from COVID-19 shut down many small businesses with especially negative impacts on minority owners. Is there evidence that the unprecedented federal government response to help small businesses - the $659 billion...
Persistent link: https://www.econbiz.de/10012482539
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Heterogeneous Impact Dynamics of a Rural Business Development Program in Nicaragua
Carter, Michael R. - 2016
We study the impacts of a rural development program designed to boost the income of the smallfarm sector in Nicaragua. Exploiting the random assignment of treatment, we find statistically and economically significant impacts on gross farm income and investment in productive farm capital. Using...
Persistent link: https://www.econbiz.de/10012456052
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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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In with the Big, Out with the Small : Removing Small-Scale Reservations in India
Martin, Leslie A. - 2014
An ongoing debate in employment policy is whether promoting small and medium enterprises creates more employment. Do … products; our identification strategy is also robust to measuring the long-run impact of national SSI policy changes using …
Persistent link: https://www.econbiz.de/10012458175
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The $ 800 billion paycheck protection program: where did the money go and why did it go there?
Autor, David H.; Cho, David; Crane, Leland D.; Goldar, Mita - 2022
Persistent link: https://www.econbiz.de/10013466112
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The Government as Venture Capitalist : The Long-Run Effects of the SBIR Program
Lerner, Josh - 1996
Public programs to provide early-stage financing to firms, particularly high-technology companies, have become commonplace in the United States and abroad. The long-run effectiveness of these programs, however, has attracted little empirical scrutiny. This paper examines the impact of the...
Persistent link: https://www.econbiz.de/10012473081
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The Right Stuff? Personality and Entrepreneurship
Hamilton, Barton H. - 2018
We construct a structural model of entry into self-employment to evaluate the impact of policies supporting entrepreneurship. Previous work has recognized that workers may opt for self-employment due to the non-pecuniary benefits of running a business and not necessarily because they are good at...
Persistent link: https://www.econbiz.de/10012480659
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Does Distance Still Matter? The Information Revolution in Small Business Lending
Petersen, Mitchell A. - 2000
. From a policy perspective, that small firms now obtain wider access to financing suggests the consolidation of banking …
Persistent link: https://www.econbiz.de/10012471076