Date of Award
5-2016
Degree Type
Report
Degree Name
Master of Science (MS)
Department
Economics and Finance
Committee Chair(s)
Tyler Brough
Committee
Tyler Brough
Committee
Benjamin Blau
Committee
Ryan Whitby
Abstract
A recent article in Journal of Economic History by Dasgupta and Ziblatt uses bond yields to analyze the political risk of the 19th century democratization legislation of Britain known as the Reform Acts. Dasgupta and Ziblatt find that the volatility of yields is relatively high during periods of legislation, and model the yields via GAM method, concluding that the political risk associated with the Reform Acts was high. I reproduce the study and comparing those times of 'high' volatility to all periods and find nothing to compare high-volatility periods to, suggesting that it is inconclusive whether the Reform Acts were truly politically risky. I also find that the data and study are less than satisfactory use of the GAM to model bond yields.
Recommended Citation
Burton, Nathan R., "Reanalyzing The Political Stability of Britain's Democratization" (2016). All Graduate Plan B and other Reports, Spring 1920 to Spring 2023. 821.
https://digitalcommons.usu.edu/gradreports/821
Copyright for this work is retained by the student. If you have any questions regarding the inclusion of this work in the Digital Commons, please email us at .