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dc.contributor.authorYıldız, Ümit; Günsoy, Bülent
dc.date.accessioned2020-11-25T15:39:34Z
dc.date.available2020-11-25T15:39:34Z
dc.date.issued2017en_US
dc.identifier.urihttps://www.ijbssnet.com/journals/Vol_8_No_11_November_2017/13.pdf
dc.identifier.urihttps://hdl.handle.net/20.500.12403/2197
dc.description.abstractIn this study, it is investigated that relation between sovereign credit ratings determined by Credit Rating Agencies and macroeconomic variables. Within this framework, 105 countries graded by S&P, one of three well known Credit Rating Agencies, were analyzed by using Econometric Analysis of Panel Data. Ordered Probit and Ordered Log it were used as an econometric estimation technique and the countries were categorized as low and middle income countries and high income countries in the study. According to the estimation results, it was reached a conclusion that, Per Capita Income, Growth Rate, Inflation Rate, Government Debt, Budget Balance, Current Account Balance, are significant macroeconomic variables in terms of determining sovereign credit ratings for low income and middle income countries while they, Per Capita Income, Inflation Rate, Unemployment Rate, Government Debt, are significant macroeconomic variables in terms of determining sovereign credit rating for high income countries. On the other hand, it was reached a systematic relation between credit rating and neither Unemployment Rate for low income and middle income countries nor Growth Rate, Budget Balance, Current Account Balance for high income countries. In the analysis of 105 countries for all the common results of both estimation methods indicate that Per Capita Income, Inflation Rate, Budget Balance and Government Debt are key determinants of Sovereign Credit Ratings.en_US
dc.language.isoengen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.subjectCredit Rating, Sovereign Credit Rating, Standard and Poor’s, Ordered Probit and Logit Modelsen_US
dc.titleMacroeconomics Determinants of Sovereign Credit Ratings: Panel Data Analysisen_US
dc.typearticleen_US
dc.relation.journalInternational Journal of Business and Social Scienceen_US
dc.contributor.departmentBayburt Üniversitesi, İktisadi ve İdari Bilimler Fakültesi, İktisat Bölümüen_US
dc.contributor.authorID0000-0002-2677-2098en_US
dc.identifier.volume8en_US
dc.identifier.issue11en_US
dc.identifier.startpage118en_US
dc.identifier.endpage125en_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.contributor.institutionauthorYıldız, Ümit


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