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Rara avis: Latin American populism in the 21st century
dc.creator | Campos, Luciano | es_ES |
dc.creator | Casas, Agustín | es_ES |
dc.date.accessioned | 2021-06-07T08:31:46Z | |
dc.date.available | 2021-06-07T08:31:46Z | |
dc.date.issued | 2021 | |
dc.identifier.issn | 0176-2680 | |
dc.identifier.uri | https://hdl.handle.net/2454/39815 | |
dc.description.abstract | Since the beginning of the 21st century, many Latin American countries have been ruled by governments characterized as populist (the so-called new Latin American Left). We focus on the macroeconomic implications of the policies adopted by these governments (instead of their leaders’ rhetoric) and we investigate to what extent this characterization holds. In particular, we focus on their wage policies by doing a Structural Vector Autoregressive analysis and assuming that populist shocks have no long-run effects on real wages. This identification implies that populist leaders prioritize redistribution through nominal wages disregarding the evolution of productivity. The results indicate that economic populism is not as widespread as previously thought. Instead, our approach leads to more nuanced results: while we find that there is populism in Argentina, the results for Brazil, Bolivia and Ecuador show only sporadic populist events. In the remaining countries, we do not find persistent economic populism. | en |
dc.description.sponsorship | ‘‘La Caixa’’ Foundation, under agreement LCF/PR/PR13/51080004. AEI/FEDER grant ECO2017-85763-R. | en |
dc.format.mimetype | application/pdf | en |
dc.language.iso | eng | en |
dc.publisher | Elsevier | en |
dc.relation.ispartof | European Journal of Political Economy | en |
dc.rights | © 2021 The Authors. This is an open access article under the CC BY-NC-ND license. | en |
dc.rights.uri | http://creativecommons.org/licenses/by-nc-nd/4.0/ | |
dc.subject | Macroeconomics of populism | en |
dc.subject | Income redistribution | en |
dc.subject | Structural VAR | en |
dc.subject | Latin America | en |
dc.title | Rara avis: Latin American populism in the 21st century | en |
dc.type | Artículo / Artikulua | es |
dc.type | info:eu-repo/semantics/article | en |
dc.contributor.department | Institute for Advanced Research in Business and Economics - INARBE | es_ES |
dc.rights.accessRights | Acceso abierto / Sarbide irekia | es |
dc.rights.accessRights | info:eu-repo/semantics/openAccess | en |
dc.identifier.doi | 10.1016/j.ejpoleco.2021.102042 | |
dc.relation.projectID | info:eu-repo/grantAgreement/AEI/Plan Estatal de Investigación Científica y Técnica y de Innovación 2013-2016/ECO2017-85763-R/ES/ | en |
dc.relation.publisherversion | https://doi.org/10.1016/j.ejpoleco.2021.102042 | |
dc.type.version | Versión publicada / Argitaratu den bertsioa | es |
dc.type.version | info:eu-repo/semantics/publishedVersion | en |