Magistro, Beatrice; Menaldo, Victor A. - 2021
The economic cost of populism is extremely high: after 15 years, GDP per capita is 10% lower compared to plausible non … association between populism and economic dysfunction and underperformance. Populists emanating from either the left or the right … tend to converge on a similar political economic model: protectionism, crony capitalism, and inveterate rent seeking. We …