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Lack of consensus, dispersion of political power and public debt: evidence from a sample of developed countries

Author

Listed:
  • Mohamed Mansour

    (Université Paris-Dauphine Tunis)

  • Eric Kamwa

    (BETA - Bureau d'Économie Théorique et Appliquée - AgroParisTech - UNISTRA - Université de Strasbourg - Université de Haute-Alsace (UHA) - Université de Haute-Alsace (UHA) Mulhouse - Colmar - UL - Université de Lorraine - CNRS - Centre National de la Recherche Scientifique - INRAE - Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement)

Abstract

The aim of this paper is to study empirically the relationship between political governance and public debt by testing a number of hypotheses. We examine the effects of the dispersion of power on public debt from an econometric study carried out on a sample of thirteen developed countries for macroeconomic and political data covering the period 1996-2012. It comes out that the lack of consensus between the political parties in the government coalition and the dispersion of power within the government are factors explaining the increase in public debt.

Suggested Citation

  • Mohamed Mansour & Eric Kamwa, 2024. "Lack of consensus, dispersion of political power and public debt: evidence from a sample of developed countries," Post-Print hal-04177030, HAL.
    • Handle: RePEc:hal:journl:hal-04177030
    DOI: 10.1332/25156918Y2023D000000003
    Note: View the original document on HAL open archive server: https://hal.science/hal-04177030v2
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    References listed on IDEAS

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    Keywords

    Public debt; Political governance; Democracy; Public choice; Power;
    All these keywords.

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