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A panel data analysis of Latin American populism

Author

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  • Nicolás Cachanosky

    (Metropolitan State University of Denver)

  • Alexandre Padilla

    (Metropolitan State University of Denver)

Abstract

This paper provides new estimates of the effects of left-of-center populist regimes on economic developments in the 21st century in Latin America. In contrast to earlier research, we take account of the price shocks that may also have affected economic development during these regimes’ time in office. In general, we find that left-populist regimes reduced per capita real income in both the short and long run, after accounting for those price shocks.

Suggested Citation

  • Nicolás Cachanosky & Alexandre Padilla, 2020. "A panel data analysis of Latin American populism," Constitutional Political Economy, Springer, vol. 31(3), pages 329-343, September.
    • Handle: RePEc:kap:copoec:v:31:y:2020:i:3:d:10.1007_s10602-020-09302-w
    DOI: 10.1007/s10602-020-09302-w
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    References listed on IDEAS

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    Cited by:

    1. Cachanosky, Nicolás & Salter, Alexander W. & Savanti, Ignacio, 2022. "Can dollarization constrain a populist leader? The case of Rafael Correa in Ecuador," Journal of Economic Behavior & Organization, Elsevier, vol. 200(C), pages 430-442.
    2. Nicolás Cachanosky & Edward J. Lopez, 2020. "Rediscovering Buchanan’s rediscovery: non-market exchange versus antiseptic allocation," Public Choice, Springer, vol. 183(3), pages 461-477, June.

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    More about this item

    Keywords

    Latin America; Populism; Panel data regression; Income;
    All these keywords.

    JEL classification:

    • E02 - Macroeconomics and Monetary Economics - - General - - - Institutions and the Macroeconomy
    • P11 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Planning, Coordination, and Reform
    • P51 - Political Economy and Comparative Economic Systems - - Comparative Economic Systems - - - Comparative Analysis of Economic Systems

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