ESTIMATING THE IMPACT OF SMALL BUSINESS ADMINISTRATION LOANS AND INDUSTRIAL REVENUE BONDS ON RURAL ARIZONA INCOMES AND EMPLOYMENT

Previous studies have reached no concensus of opinion concerning the impact of government backed financing on regional incomes and employment. This study looks in particular at Industrial Revenue Bonds Issued and Small Business Administration loans made in nonmetropolitan areas of Arizona.

Only one variable representing the government backed financing programs was causal for incomes in rural Arizona. This relationship was determined through use of the Granger causality test

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