RURAL GOVERNMENTS IN THE MUNICIPAL BOND MARKET

George Palumbo and Seymour Sacks

No 277945, Staff Reports from United States Department of Agriculture, Economic Research Service

Abstract: Suburban-type governments paid the lowest interest rates on long-term bonds sold in 1982, holding bond characteristics constant, while totally urban and highly rural governments paid rates roughly equal to each other. Using 1982 municipal bond sales data matched with 1980 Census of Population data, this report examines the characteristics of municipal bonds categorized according to the rural percentage of the issuing government's population. Few instances of a simple linear relationship between key bond variables and rurality were found.

Keywords: Community/Rural/Urban Development; Financial Economics (search for similar items in EconPapers)
Pages: 44
Date: 1987-09
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://ageconsearch.umn.edu/record/277945/files/ers-report-300.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ags:uerssr:277945

DOI: 10.22004/ag.econ.277945

Access Statistics for this paper

More papers in Staff Reports from United States Department of Agriculture, Economic Research Service Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().