Hernández-Trillo, Fausto; Smith, Ricardo - Centro de Investigación y Docencia Económicas (CIDE) - 2006
In this paper we study the determinants of both the decision to be rated and the ratings for sub-national governments in a prominent LDC, Mexico. One of the main findings is that entity size does matter; as a matter of fact, population size is one of the two rating determinants common to all the...