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http://hdl.handle.net/10419/66118
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| Title: | | Do personal characteristics of finance ministers affect the development of public debt?  |
| 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
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