Supplemental Material for Domestic Political Unrest and Sovereign Bond Ratings in the Developing World by Glen biglaiser, Hoon Lee, and Ronald J. McGauvran in Journal of Conflict Resolution
Burundi: Group grievance index, 0 (low) - 10 (high): The latest value from 2024 is 6.4 index points, a decline from 6.7 index points in 2023. In comparison, the world average is 5.50 index points, bas
Conventional wisdom holds that lack of government commitment deters foreign investment in developing countries. Yet this explanation is not convincing because some econometric studies have found littl
We introduce a new, market-based and forward looking measure of political risk derived from the yield spread between a country's U.S. dollar debt and an equivalent U.S. Treasury bond. We explain the v
