Populist leaders and the economy
By: Funke, Manuel, Schularick, Moritz and Trebesch, Christoph
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Material type: 
BookPublisher: The American Economic Review Description: 113(12). Dec, 2023: p.3249-3288.
In:
The American Economic ReviewSummary: Populism at the country level is at an all-time high, with more than 25 percent of nations currently governed by populists. How do economies perform under populist leaders? We build a new long-run cross-country database to study the macroeconomic history of populism. We identify 51 populist presidents and prime ministers from 1900 to 2020 and show that the economic cost of populism is high. After 15 years, GDP per capita is 10 percent lower compared to a plausible nonpopulist counterfactual. Economic disintegration, decreasing macroeconomic stability, and the erosion of institutions typically go hand in hand with populist rule.- Reproduced
https://www.aeaweb.org/articles?id=10.1257/aer.20202045
| Item type | Current location | Call number | Vol info | Status | Date due | Barcode |
|---|---|---|---|---|---|---|
Articles
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Indian Institute of Public Administration | 113(12). Dec, 2023: p.3249-3288 | Available | AR130890 |
Populism at the country level is at an all-time high, with more than 25 percent of nations currently governed by populists. How do economies perform under populist leaders? We build a new long-run cross-country database to study the macroeconomic history of populism. We identify 51 populist presidents and prime ministers from 1900 to 2020 and show that the economic cost of populism is high. After 15 years, GDP per capita is 10 percent lower compared to a plausible nonpopulist counterfactual. Economic disintegration, decreasing macroeconomic stability, and the erosion of institutions typically go hand in hand with populist rule.- Reproduced
https://www.aeaweb.org/articles?id=10.1257/aer.20202045
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