The interior determinants model of policy use posits that governments adopt policies in line with the socioeconomic
The Community for Personal Perform and Analysis
and governmental characteristics associated with state. Therefore, it had been hypothesized that state governments’ liberal governmental ideology would be adversely associated with the APRs, managing for three macroeconomic control factors.
This research had been relational and used a multivariate ordinary minimum squares regression analysis with White’s robust errors that are standard. Using purposive sampling practices, this cross-sectional research included information for 45 associated with the 50 US states, excluding the five states that didn’t have maximum pay day loan APRs. The reliant adjustable, state-allowed cash advance APR, had been operationalized since the annualization of two-week cash advance fees. Read more
