Search results for "Multinomial ordered probit"

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Determinants of Sub-Sovereign Government Ratings In Europe

2017

The aim of this paper is to identify the determinantsof the rating assigned to sub-sovereignentities in Germany, Austria, Belgium, France,Italy and Spain, using a total of 92 territorial entitiesfor the 1989-2012 period. Multinomial orderedprobit estimation models were estimatedfor each specifi cation and agency.We conclude that the country’s rating is oneof the most important determinants of regionalgovernment’s ratings with a positive infl uence(as expected), and that the country debt/GDPratio is a stronger determinant for regions thantheir own indebtedness with a negative sign.Other relevant variables are population growthrate, unemployment rate, elderly people weight,regional public exp…

ECONOMIA APLICADAEconomic growthPublic AdministrationStrategy and Managementmedia_common.quotation_subjectPopulationPublic expenditureMultinomial ordered probitSub-sovereignsJF20-2112Debt0502 economics and businessRatingEconomicsUnemployment rateElderly peoplePopulation growthrating sub-sovereign entities multinomial ordered probit international fi nancial markets.050207 economicseducationmedia_commonSovereign stateInternational Financial MarketsEstimationeducation.field_of_study050208 finance05 social sciencesDemographic economicsPolitical institutions and public administration (General)Transylvanian Review of Administrative Sciences
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