Chantapacdepong, Pornpinun - School of Economics, Finance and Management, University … - 2007
period of 1994-2006. The measure of risk premia is based on the ARCH-in-Mean (ARCH-M) model introduced by Engle, Lilien and … with better financial development and higher income generally have lower risk premia of government assets. This study also … examines the macroeconomic and political determinants of the risk premia by using cross-section and dynamic panel regression …