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Studies from University of Economics Yield New Information about Economic Research (Visegrad Four Countries and their Sovereign Credit Rating)

August 8, 2014



By a News Reporter-Staff News Editor at Economics Week -- New research on Economic Research is the subject of a report. According to news reporting out of Bratislava, Slovakia, by VerticalNews editors, research stated, "We study the sovereign credit rating determinants of Visegrad Four countries in the period 1993 - 2012. The ratings come from four major credit rating agencies - Moody's, S&P, Fitch and R&I."

Our news journalists obtained a quote from the research from the University of Economics, "We use linear model with fixed effects. Besides the economic variables inflation, unemployment, broad money to GDP, import to export, openness of the economy, government gross debt, primary balance and size of the government we found out that voice & accountability score of Worldwide Governance Indicators is suitable representative of socio-political situation. Both EU and EMU membership provide additional information to other explanatory variables. The government finance is the most influential determinant in the researched dataset."

According to the news editors, the research concluded: "Unlike in other academic papers, the growth of GDP was not significant variable to explain the sovereign ratings."

For more information on this research see: Visegrad Four Countries and their Sovereign Credit Rating. Ekonomicky Casopis, 2014;62(5):447-472. Ekonomicky Casopis can be contacted at: Slovak Academic Press Ltd, PO Box 57 Nam Slobody 6, 810 05 Bratislava, Slovakia.

Our news journalists report that additional information may be obtained by contacting M. Alexy, Univ Econ Bratislava, Dept. of Finance, Fac Natl Econ, Bratislava 85235, Slovakia. Additional authors for this research include P. Ochotnicky and M. Kacer.

Keywords for this news article include: Europe, Slovakia, Bratislava, Economic Research

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Source: Economics Week


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