The Political Economy of Populism

Sergei Guriev and Elias Papaioannou

SciencePo Working papers Main from HAL

Abstract: We synthesize the literature on the recent rise of populism. First, we discuss definitions and present descriptive evidence on the recent increase in support for populists. Second, we cover the historical evolution of populist regimes since the late nineteenth century. Third, we discuss the role of secular economic factors related to cross-border trade and automation. Fourth, we review studies on the role of the 2008–09 global financial crisis and subsequent austerity, connect them to historical work covering the Great Depression, and discuss likely mechanisms. Fifth, we discuss studies on identity politics, trust, and cultural backlash. Sixth, we discuss economic and cultural consequences of growth in immigration and the recent refugee crisis. We also discuss the gap between perceptions and reality regarding immigration. Seventh, we review studies on the impact of the internet and social media. Eighth, we discuss the literature on the implications of populism's recent rise. We conclude outlining avenues for further research.

Date: 2022-09
New Economics Papers: this item is included in nep-pol
Note: View the original document on HAL open archive server: https://sciencespo.hal.science/hal-03874305
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (34)

Published in Journal of Economic Literature, 2022, 60 (3), pp.753-832. ⟨10.1257/jel.20201595⟩

Downloads: (external link)
https://sciencespo.hal.science/hal-03874305/document (application/pdf)

Related works:
Journal Article: The Political Economy of Populism (2022)
Working Paper: The Political Economy of Populism (2022)
Working Paper: The Political Economy of Populism (2020)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:hal:spmain:hal-03874305

DOI: 10.1257/jel.20201595

Access Statistics for this paper

More papers in SciencePo Working papers Main from HAL
Bibliographic data for series maintained by Contact - Sciences Po Departement of Economics ().