出版社：Rural Development Institute, Brandon University
摘要：Several theories of externalities and asymmetric information suggest a potential role for government programs to assist credit markets. We examine empirical associations between funding by several U.S. government programs and six measures of subsequent economic outcomes, for nonmetropolitan U.S. counties during the 1990s. Significant differences emerge across programs and performance measures. The results suggest a need to compare policy objectives with acceptable costs in some cases. Overall, the results are consistent with theoretical predictions and with several standard policy objectives. Keywords: federal credit programs; growth; volatility; employment; rural economic performance
