Funke, Manuel; Schularick, Moritz; Trebesch, Christoph - 2020
Populism at the country level is at an all-time high, with more than 25% of nations currently governed by populists … 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 …