Chen, Ke; Cheng, Cheng; Yang, Shenggang - In: Journal of Economic Policy Reform 14 (2011) 4, pp. 313-320
We use a comprehensive database of sovereign credit ratings (SCRs) from Moody’s, Standard and Poor’s and Fitch for a cross-section of 120 countries from 1986--2009. Using panel data, we find that GDP per capita, the GDP growth rate and the degree of industrialization positively affect...
