Alternative Financial Service Providers and the Spatial Void Hypothesis

Simple item page
dc.contributor.authorSmith, Tony
dc.contributor.authorSmith, Marvin M
dc.contributor.authorWackes, John
dc.date2023-05-17T02:21:32.000
dc.date.accessioned2023-05-22T19:08:43Z
dc.date.available2023-05-22T19:08:43Z
dc.date.issued2008-05-01
dc.date.submitted2008-07-16T12:37:20-07:00
dc.description.abstractThis paper studies the spatial relationship between traditional banking services (Banks) and alternative financial service providers (AFSPs). The main objective is to test the so-called spatial void hypothesis that AFSPs tend to locate in markets where traditional banking services are under-provided. The key question of interest here is whether or not AFSPs serve markets with significantly lower income levels than those of Banks. A statistical methodology is developed for addressing this question that builds on previous studies. The present approach is based largely on K-function analyses of both individual and paired point patterns. These Monte Carlo testing procedures are applied to Banks and AFSPs in the four-county region around Philadelphia, Pennsylvania, and are also compared with previous methods. The main finding of this research is that there is indeed strong empirical support for the spatial void hypothesis in this Philadelphia region.
dc.description.commentsPostprint version. Published in Regional Science and Urban Economics, Volume 38, Issue 3, May 2008, pages 205-227. Publisher URL: http://dx.doi.org/10.1016/j.regsciurbeco.2008.01.012
dc.identifier.urihttps://repository.upenn.edu/handle/20.500.14332/33629
dc.legacy.articleid1461
dc.legacy.fulltexturlhttps://repository.upenn.edu/cgi/viewcontent.cgi?article=1461&context=ese_papers&unstamped=1
dc.source.issue421
dc.source.journalDepartmental Papers (ESE)
dc.source.peerreviewedtrue
dc.source.statuspublished
dc.subject.otherspatial void hypothesis
dc.subject.otherpoint pattern analysis
dc.subject.otherk-functions.
dc.titleAlternative Financial Service Providers and the Spatial Void Hypothesis
dc.typeArticle
digcom.contributor.authorisAuthorOfPublication|email:tesmith@seas.upenn.edu|institution:University of Pennsylvania|Smith, Tony
digcom.contributor.authorSmith, Marvin M
digcom.contributor.authorWackes, John
digcom.identifierese_papers/421
digcom.identifier.contextkey549917
digcom.identifier.submissionpathese_papers/421
digcom.typearticle
dspace.entity.typePublication
relation.isAuthorOfPublicationc24eaef9-2da2-44dd-87df-f1641ef75e0a
relation.isAuthorOfPublication.latestForDiscoveryc24eaef9-2da2-44dd-87df-f1641ef75e0a
upenn.schoolDepartmentCenterDepartmental Papers (ESE)
Files
Original bundle
Now showing 1 - 1 of 1
Thumbnail Image
Name:
Federal_Reserve_Paper_Draft.pdf
Size:
1.74 MB
Format:
Adobe Portable Document Format
Download
Collection
Articles