Main data files comprise 22 variables in three subcategories of risk (political, financial, and economic) for 146 countries for 1984-2021. Data are annual averages of the components of the ICRG Risk Ratings (Tables 3B, 4B, and 5B) published in the International Country Risk Guide. Indices include: political: government stability, socioeconomic conditions, investment profile, internal conflict, external conflict, corruption, military in politics, religion in politics, law and order, ethnic tensions, democratic accountability, and bureaucratic quality; financial: foreign debt, exchange rate stability, debt service, current account, international liquidity; and economic: inflation, GDP per head, GDP growth, budget balance, current account as % of GDP. Table 2B provides annual averages of the composite risk rating. Table 3Ba provides historical political risk subcomponents on a monthly basis from May 2001-February 2022. Also includes the IRIS-3 dataset by Steve Knack and Philip Keefer, which covers the period of 1982-1997 and computed scores for six additional political risk variables: corruption in government, rule of law, bureaucratic quality, ethnic tensions, repudiation of contracts by government, and risk of expropriation. Additional data files provide country risk ratings and databanks (economic and social indicators) for new emerging markets for 2000-2009.
The PRS Group's International Country Risk Guide provides annual risk ratings for 140 countries.
The International Country Risk Guide (ICRG) produced by The PRS Group is a commercial source of country risk analysis and ratings. The Researcher's Datasets cover all 140 ICRG countries and include average ICRG political, economic, financial, and composite risk components from 1984 to the present. UBC provides access to two Researcher's Dataset tables with data from 1984 to the present: ICRG Table 2B. Annual averages of the composite risk rating, an element of the ICRG's Table 2B. ICRG's composite risk scores aggregates the political, financial, and economic ratings for each country's overall risk. ICRG Table 3B. Annual averages for each of the 12 components for Political Risk. Table 3B has risk ratings for: Bureaucracy quality Corruption Law and order Government stability Socioeconomic conditions Investment profile Internal conflict External conflict Military in politics Religious tensions Ethnic tensions Democratic accountability
The ICRG Researchers Dataset Table 3B provides annual averages of the 12 components of ICRG's Political Risk Ratings (Table 3B), as published in the International Country Risk Guide.
CC0 1.0 Universal Public Domain Dedicationhttps://creativecommons.org/publicdomain/zero/1.0/
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This dataset is used for paper "Impact of the political risk on food reserve ratio: evidence across countries". We explore how the political risk impacts on food reserve ratio using an unbalanced panel data covering 75 countries from1991 to 2019. This dataset includes International Country Risk Guide ratings (ICRG) database, FAOSTAT database, Production, Supply, and Distribution (PSD) online database, Emergency Events Database (EM-DAT), and World Bank Open (WBO) database.
Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
License information was derived automatically
This data consists of remittance, FDI, economic globalization, and financial development dynamics between two region groups, namely: a high remittance and FDI receiving region (European and Central Asian region) and low remittance and FDI receiving region (Sub-Saharan African region) for the period of 1984-2016. These two regions include 44 countries, where 15 highly remittances and FDI receiving developing countries, and 29 less globalized developing countries.
This study requires data on economic globalization and institutions. We have taken data from Gygli, et al. (2019), which is a newly, published KOF economic globalization index dataset in the International monetary fund. This index includes Trade Globalization and Financial Globalization. Trade-in goods, trade regulations, and trade in services, trade taxes, trade partner diversity, tariffs, and trade agreements are included under Trade Globalization. On the other hand, financial globalization is a combination of investment restrictions, portfolio investment, capital account openness, international debt, international Investment Agreements, international reserves, and international income payments. Institutional quality index datasets provided by the International Country Risk Guide (ICRG), which allowed us to test the hypothesis. A total of three control variables that are added to the main model have been proposed in this study, they are as follows, Real GDP per capita, Consumer price index (Inflation), and Gross fixed capital formation. All data are collected from the World Development Indicators and the International Monetary Fund.
Variables Definition Units Source
FD Financial development index Index value International monetary fund
FI Financial institution index Index value International monetary fund
FM Financial market index Index value International monetary fund
REM Personal remittances received (% of GDP) Percentage of GDP World Development Indicators
FDI Foreign direct investment, net inflows (% of GDP) Percentage of GDP World Development Indicators
EGLOB KOF Economic Globalization index Index value International monetary fund (Gygli, Savina, Florian Haelg, Niklas Potrafke and Jan-Egbert Sturm, 2019)
INSQ An institutional quality index(combining all Index value International Country Risk Guide
the variables like Government Stability,
Socioeconomic Conditions, Investment Profile,
Internal Conflict, External Conflict, Corruption,
Military in Politics, Religious Tensions, Law and Order,
Ethnic Tensions, Democratic Accountability,
Bureaucracy Quality and make one index
term by PCA)
GDP GDP per capita Per capita as per constant 2010 US$ World Development Indicators
INF Inflation(GDP deflator) Annual percentage World Development Indicators
GFCF Gross fixed capital formation Percentage of GDP International monetary fund
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Main data files comprise 22 variables in three subcategories of risk (political, financial, and economic) for 146 countries for 1984-2021. Data are annual averages of the components of the ICRG Risk Ratings (Tables 3B, 4B, and 5B) published in the International Country Risk Guide. Indices include: political: government stability, socioeconomic conditions, investment profile, internal conflict, external conflict, corruption, military in politics, religion in politics, law and order, ethnic tensions, democratic accountability, and bureaucratic quality; financial: foreign debt, exchange rate stability, debt service, current account, international liquidity; and economic: inflation, GDP per head, GDP growth, budget balance, current account as % of GDP. Table 2B provides annual averages of the composite risk rating. Table 3Ba provides historical political risk subcomponents on a monthly basis from May 2001-February 2022. Also includes the IRIS-3 dataset by Steve Knack and Philip Keefer, which covers the period of 1982-1997 and computed scores for six additional political risk variables: corruption in government, rule of law, bureaucratic quality, ethnic tensions, repudiation of contracts by government, and risk of expropriation. Additional data files provide country risk ratings and databanks (economic and social indicators) for new emerging markets for 2000-2009.