Populist Leaders and the Economy - Sciences Po Access content directly
Preprints, Working Papers, ... (Working Paper) Year : 2022

Populist Leaders and the Economy


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 longrun 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% 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.
Fichier principal
Vignette du fichier
2022_funke_schularick_trebesch_populist_leaders_and_the_economy.pdf (2.02 Mo) Télécharger le fichier
Origin Files produced by the author(s)

Dates and versions

hal-03881225 , version 1 (01-12-2022)



  • HAL Id : hal-03881225 , version 1


Manuel Funke, Moritz Schularick, Christoph Trebesch. Populist Leaders and the Economy. 2022. ⟨hal-03881225⟩
440 View
10096 Download


Gmail Mastodon Facebook X LinkedIn More