Political instability and country risk: new evidence

Jakob de Haan, Clemens Siermann and Erna Van Lubek

Applied Economics Letters, 1997, vol. 4, issue 11, 703-707

Abstract: This note presents new estimates of a probit model for the debt rescheduling, using a sample of 65 countries over the period 1984-93. Apart from economic variables, a whole range of indicators for political instability are included in the model as explanatory variables. It turns out, that none is significant with the 'correct' sign. Apparently, a detoriation of the political situation is already reflected in economic aggregates, which suggest that the influence of political factors is discounted in macroeconomic variables as included in the model.

Date: 1997
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (13)

Downloads: (external link)
http://www.informaworld.com/openurl?genre=article& ... 40C6AD35DC6213A474B5 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:apeclt:v:4:y:1997:i:11:p:703-707

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/RAEL20

DOI: 10.1080/758530653

Access Statistics for this article

Applied Economics Letters is currently edited by Anita Phillips

More articles in Applied Economics Letters from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().