Populism and its Economic Impact: What Does the Evidence Say?

Abstract

Populism is an essentially contested phenomenon due to its complex nature. Even more difficult is to study its economic consequences. This paper aims to study populism as an economic phenomenon by reviewing literature devoted to studying its economic impacts. The paper starts with a brief overview of the concept of populism and its history. Further, it delves into economic literature that has so far tried to study its empirical effects on economies around the world. The paper seeks to investigate whether the long-held conceptions of economic theory are corroborated by empirical evidence or not.n act of redemption, but his sacrificial death is far from being suicidal because he did not allow the powers of temptations to lead him astray.