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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 ended up being relational and used a multivariate ordinary minimum squares regression analysis with White’s robust errors that are standard. Employing sampling that is purposive, this cross-sectional research included information for 45 associated with 50 US states, excluding the five states that didn’t have maximum pay day loan APRs. The dependent variable, state-allowed cash advance APR, had been operationalized once the annualization of two-week cash advance fees. The independent adjustable of interest ended up being operationalized as state governments’ governmental ideology, a rating which range from 0 representing conservative state political ideology to 100 representing liberal state governmental ideology.