Table 2. Frequencies of models from BIC guided search of Sovereign Default.
| State of Sovereign Default | Change in Sovereign Default | |||
|---|---|---|---|---|
| Model | Preferred | 2nd best | Preferred | 2nd best |
| Ladj, SoLaff, Sadj, Sprox | 1 | |||
| Ladj, SoLaff, Sadj | 2 | 1 | ||
| Ladj, SoLaff, Sprox | 1 | 3 | 2 | |
| Ladj, Sadj, Sprox | 1 | |||
| S-Laff, Sadj, Sprox | 1 | |||
| Ladj, SoLaff | 4 | 1 | 1 | 3 |
| Ladj, Sadj | 1 | 1 | ||
| SoLaff, Sadj | ||||
| Sadj, Sprox | 2 | 2 | 2 | |
| Ladj, Sprox | 2 | 3 | 2 | 1 |
| SoLaff, Sprox | 1 | 4 | ||
| Ladj | 1 | 3 | 1 | |
| SoLaff | 1 | 2 | 4 | 1 |
| Sadj | 2 | |||
| Sprox | 4 | 4 | 3 | 5 |
| null | 6 | 2 | 4 | 1 |
| frequency SoLaff included | 7 | 4 | 10 | 12 |
| frequency Ladj included | 9 | 9 | 9 | 8 |
| frequency Sprox included | 8 | 10 | 10 | 16 |
| frequency Sadj included | 2 | 5 | 4 | 5 |
| Overall | Overall | |||
| frequency SoLaff included | 11 | 22 | ||
| frequency Ladj included | 18 | 17 | ||
| frequency Sprox included | 18 | 26 | ||
| frequency Sadj included | 7 | 9 | ||
Ladj = Language Adjacency (mutually intelligible), SoLaff = Socio-linguistic affiliation, Sadj = Spatial Adjacency (shared border), Sprox = Spatial Proximity. For default state 21 models were fitted while for default change 22 models were fitted.