A Panel Data Analysis of Latin American Populism
36 Pages Posted: 4 Jan 2019 Last revised: 1 May 2019
Date Written: April 29, 2019
This paper studies the impact of 21st century populism in Latin America on income and human development. We find a significant economic cost of populism that is consistent with other studies using a different methodology than ours. Our sample consists of five Latin American countries representative of populist governments: Argentina (2003 – 2015), Bolivia (since 2006), Ecuador (since 2007), Nicaragua (since 2007), and Venezuela (since 1999).
Keywords: Latin America, populism, pane data regression, income
JEL Classification: E02, P11, P51
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