Finance and Economics Discussion Series: 2010-08 Screen Reader version
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Distance Still Matters: The Information Revolution in Small Business Lending and the Persistent Role of Location, 1993-2003
Kenneth P. Brevoort
Federal Reserve Board
John A. Holmes
Johns Hopkins University
John D. Wolken
Federal Reserve Board
December 17, 2009
Figure A1: Mean Log Distances from Synthetic Panels, 1993 and 1998 SSBFs
| Year | 1998 SSBF | 1993 SSBF |
| 1973 | 1.476628 | 1.237749 |
| 1974 | 1.317267 | 1.38902 |
| 1975 | 1.098749 | 1.975717 |
| 1976 | 2.148335 | 1.20608 |
| 1977 | 1.957869 | 1.916829 |
| 1978 | 1.863169 | 1.771423 |
| 1979 | 1.280553 | 1.771478 |
| 1980 | 1.480382 | 1.843368 |
| 1981 | 1.714594 | 2.06 |
| 1982 | 2.275472 | 2.023453 |
| 1983 | 2.067885 | 1.982883 |
| 1984 | 2.559066 | 2.01507 |
| 1985 | 1.991239 | 2.310307 |
| 1986 | 1.950144 | 2.499836 |
| 1987 | 2.079144 | 2.579058 |
| 1988 | 2.080384 | 2.581304 |
| 1989 | 2.420411 | 2.763442 |
| 1990 | 2.291723 | 2.944049 |
| 1991 | 2.509384 | 3.190409 |
| 1992 | 2.824156 | 2.996283 |
| 1993 | 2.688314 | 2.480112 |
| 1994 | 3.176504 | |
| 1995 | 3.64421 | |
| 1996 | 3.757796 | |
| 1997 | 3.372065 | |
| 1998 | 2.352169 | |
| 1999 | | |
| 2000 | | |
| 2001 | | |
| 2002 | | |
| 2003 | | |
Figure A2: Mean Log Distances from Synthetic Panels, 1998 and 2003 SSBFs
| Year | 2003 SSBF | 1998 SSBF |
| 1973 | 1.793396 | 1.476628 |
| 1974 | 1.092075 | 1.317267 |
| 1975 | 1.925547 | 1.098749 |
| 1976 | 2.144099 | 2.148335 |
| 1977 | 1.44256 | 1.957869 |
| 1978 | 2.191166 | 1.863169 |
| 1979 | 2.818041 | 1.280553 |
| 1980 | 1.410894 | 1.480382 |
| 1981 | 1.768206 | 1.714594 |
| 1982 | 1.226185 | 2.275472 |
| 1983 | 2.111325 | 2.067885 |
| 1984 | 1.339028 | 2.559066 |
| 1985 | 1.889789 | 1.991239 |
| 1986 | 1.849706 | 1.950144 |
| 1987 | 2.728733 | 2.079144 |
| 1988 | 2.210425 | 2.080384 |
| 1989 | 1.989387 | 2.420411 |
| 1990 | 2.289335 | 2.291723 |
| 1991 | 2.663782 | 2.509384 |
| 1992 | 1.854227 | 2.824156 |
| 1993 | 2.509123 | 2.688314 |
| 1994 | 1.741373 | 3.176504 |
| 1995 | 2.54649 | 3.64421 |
| 1996 | 2.431475 | 3.757796 |
| 1997 | 2.812883 | 3.372065 |
| 1998 | 2.735075 | 2.352169 |
| 1999 | 3.130105 | |
| 2000 | 3.301704 | |
| 2001 | 3.584799 | |
| 2002 | 3.636876 | |
| 2003 | 3.525859 | |