Financing Dies in Darkness? The Impact of Newspaper Closures on public finance
Pengjie Gao†University of Notre Dame Chang Lee‡ University of Illinois at Chicago Dermot Murphy§ University of Illinois at Chicago July 11, 2018 Abstract Local newspapers hold their governments accountable. We examine the effect of local news-paper closures on public finance for local governments. Following a newspaper closure, we find municipal borrowing costs increase by […]
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