Corpus ID: 229254139

Populist Leaders and the Economy

@article{Funke2020PopulistLA,
  title={Populist Leaders and the Economy},
  author={Manuel Funke and Moritz Schularick and Christoph Trebesch},
  journal={CEPR: Macroeconomics \& Growth (Topic)},
  year={2020}
}
Populism at the country level is at an all-time high, with more than 25% of nations currently governed by populists. How do economies perform under populist leaders? We build a new cross-country database identifying 50 populist presidents and prime ministers 1900-2018. We find that the economic cost of populism is high. After 15 years, GDP per capita is more than 10% lower compared to a plausible non-populist counterfactual. Rising economic nationalism and protectionism, unsustainable… Expand
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