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Perils of liberal democracies and promises of populism : an economic perspective

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Concerns of economic nature are perceived as the main trigger in defining political choices, and a plethora of studies have demonstrated how economic circumstances may influence voting conduct. In the meantime, populism is rising in every corner of the European Union (EU). Considering such instances, this dissertation intents to analyse if and how economic factors contribute to the galloping surge of populism in 28 EU countries from 1990 to 2016, particularly, during periods of austerity. In doing so, a new framework was created by comparing the economic performance of the results obtained right before an election with the overall cumulative results obtained during the political cycle. Evidence suggests that the rise in populism is mostly explained by the perception voters have over the economic performance in the year immediately prior to an election, particularly during austerity periods. Therefore, when elected, populist politicians have no benefit in collaborating and passing meaningful structural legislation, which will create a vicious cycle where the Economy and its citizens forfeit, but populist politicians prevail.

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Mestrado Bolonha em Management

Keywords

populism economic explanations public policy economic voting

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Citation

David, Ana Matilde de Jesus Sabina Lemos (2023). “Perils of liberal democracies and promises of populism : an economic perspective”. Dissertação de Mestrado. Universidade de Lisboa. Instituto Superior de Economia e Gestão

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Instituto Superior de Economia e Gestão

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