Download or read book A recipe for disaster? Policy similarities and economic impacts of populist leaders written by Andre Frank and published by Andre Frank. This book was released on 2022-04-10 with total page 59 pages. Available in PDF, EPUB and Kindle. Book excerpt: Populism has seen a global resurgence since the 1980s. Populists rise in times of crises through promises of economic prosperity. But do they keep their word? Existing data on populist leaders is expanded to cover a period of 120 years of global populism. The empirical analysis estimates significant negative performance gaps of populist rule with real GDP per capita growth being over 20 percentage points lower 15 years after populist takeover, compared to that of non-populist counterfactuals. There exists evidence that unsustainable macroeconomic policies like increased military expenditure, born out of a demand for security policies, act as a channel that damage the economy lastingly.