Browsing R & P Seminar by Subject "Policy Experiment"
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Do Programs Mandating Small Business Lending Disincentivize Growth? Evidence from a Policy Experiment
(Indian Institute of Management, Ahmedabad, 2016-07-04)Exploiting discontinuities in program eligibility, we show that small-firm lending mandates inhibit firm growth. Firms newly qualified under lending mandates near the upper threshold for treatment have lower growth in ...