Are Credit Markets Still Local? Evidence from Bank Branch Closings

Hoai-Luu Q. Nguyen (2019) · American Economic Journal: Applied Economics

Published

October 10, 2026

import sys
from pathlib import Path

ROOT = next(
    p for p in [Path.cwd(), *Path.cwd().parents]
    if (p / "scripts/tranche50_report.py").exists()
)
sys.path.insert(0, str(ROOT / "scripts"))
from tranche50_report import report
report("aeraej-125")

Hoai-Luu Q. Nguyen (2019). American Economic Journal: Applied Economics. Table 6.

Template assessment

The stacked tract-merger model with source controls and county-by-year effects produces an ill-conditioned design and invalid contrast covariance in the common-template regression. No estimate or F-test decision is published from that run.

No comparison point or homogeneity-test decision is assigned to this paper.

Source coefficient Template on source sample Source N Template source-sample N
0.21645 0.031729 51600 51600

The source and comparison coefficients use different specifications or aggregation targets, as stated above; they are not an exact-replication comparison.