EconStor >
Zentrum für Europäische Wirtschaftsforschung (ZEW), Mannheim >
ZEW Discussion Papers >

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10419/66118
  
Title:Do personal characteristics of finance ministers affect the development of public debt? PDF Logo
Authors:Moessinger, Marc-Daniel
Issue Date:2012
Series/Report no.:ZEW Discussion Papers 12-068
Abstract:Using a unique dataset of personal characteristics of national finance ministers in Europe (1980 - 2010), I show that especially a finance minister's experience affects the development of public debt. Both a finance minister's experience gained in office and his political experience have an impact: The change of the debt to GDP ratio is negative the more experience a finance minister has gained as a minister of finance or in former positions as a national cabinet member. While the former result suffers from potential endogeneity, several arguments support that the latter result can be interpreted in a causal way. In contrast, a finance minister's educational background or ideology have no significant impact on public debt changes.
Subjects:public finance
public debt
finance minister
personal characteristics
JEL:D78
H30
H62
Persistent Identifier of the first edition:urn:nbn:de:bsz:180-madoc-326209
Document Type:Working Paper
Appears in Collections:Publikationen von Forscherinnen und Forschern des ZEW
ZEW Discussion Papers

Files in This Item:
File Description SizeFormat
729462536.pdf399.2 kBAdobe PDF
No. of Downloads: Counter Stats
Download bibliographical data as: BibTeX
Share on:http://hdl.handle.net/10419/66118

Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.