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This paper empirically investigates the importance of financial and political variables in determining debt rescheduling probabilities in Turkey for 1955–2000. The problem of sovereign debt default and rescheduling has been the subject of substantial academic research during the last two decades. There has been criticism of models of developing countries’ indebtedness and rescheduling that rely solely on some economic or financial predictors related to country debt, the foreign exchange sector or the domestic economic situation. Using probit analysis, this paper indicates that financial variables are important determinants of rescheduling probabilities. However, political variables are not significant in our models. 相似文献
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This paper models transnational terrorism as a three‐way strategic interaction involving a government that faces armed opposition at home, which may spill over in the form of acts of terrorism by the state's opponents against the government's external sponsor. The external sponsor also utilises deterrence against potential terrorists, which only lowers terrorism if terrorists are not intrinsically motivated by a deep‐seated sense of humiliation. The model highlights the importance of intrinsic motivation. A rise in the external power's preference for deterrence against terrorism may backfire in these circumstances. Increases in the government's military efficiency against the rebels, who are also terrorists against the government's sponsor, raises overall levels of violence. 相似文献
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Štefan Bojnec 《Defence and Peace Economics》2013,24(3):313-320
This article presents the results of an empirical survey of Slovenian defence enterprises focusing on three segmented geographic market outlets: the domestic market, the other European Union (EU-26) markets and the global markets. In the enterprise surveys are included around two-thirds of the domestic defence enterprises of different sizes and activities. The Slovenian defence enterprises by production, supply-in-return, subcontracting, middleman and trader activities in the defence marketing chains are mostly specializing towards the businesses on the domestic market. Rare enterprises are specialized exclusively for activities on the EU-26 markets and the global markets. 相似文献