Applied Economics Letters · 2008 · 85 citations · 4 references
Social SciencesPublic FinanceInternational EconomicsCredit RatingsPanel Data MethodsSovereign DebtOrdered Response ModelsPanel Data EndogeneityPanel Data EstimationPanel Data RegressionPolytomous Response ModelsProbit RegressionSovereign Credit Rating EffectsSovereign Debt Modeling
Using ordered logit and probit plus random effects ordered probit approaches, we study the determinants of sovereign debt ratings. We found that the last procedure is the best for panel data as it takes into account the additional cross-section error.
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