Do personal characteristics of finance ministers affect the development of public debt?


Moessinger, Marc-Daniel


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URL: https://madoc.bib.uni-mannheim.de/32620
URN: urn:nbn:de:bsz:180-madoc-326209
Document Type: Working paper
Year of publication: 2012
The title of a journal, publication series: ZEW Discussion Papers
Volume: 12-068
Place of publication: Mannheim
Publication language: English
Institution: Sonstige Einrichtungen > ZEW - Leibniz-Zentrum für Europäische Wirtschaftsforschung
MADOC publication series: Veröffentlichungen des ZEW (Leibniz-Zentrum für Europäische Wirtschaftsforschung) > ZEW Discussion Papers
Subject: 330 Economics
Classification: JEL: D78 , H30 , H62,
Subject headings (SWD): Regierung , Finanzpolitik , Berufserfahrung , Persönlichkeitspsychologie , Öffentliche Schulden , Europa , 1980-2010
Keywords (English): Public finance , public debt , finance minister , personal characteristics
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.

Das Dokument wird vom Publikationsserver der Universitätsbibliothek Mannheim bereitgestellt.




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Moessinger, Marc-Daniel (2012) Do personal characteristics of finance ministers affect the development of public debt? Open Access ZEW Discussion Papers Mannheim 12-068 [Working paper]
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