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Summer 2021

ISSN 0890-913X

Volume 36, Number 2

Left-Populism, Commodity Prices, and Economic Crises in Latin America

Nicolás Cachanosky, Metropolitan State University of Denver

Alexandre Padilla, Metropolitan State University of Denver

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TheJournalofPrivateEnterprise36(2),2021,1–17Left-Populism,CommodityPrices,andEconomicCrisesinLatinAmericaNicolásCachanoskyMetropolitanStateUniversityofDenverAlexandrePadillaMetropolitanStateUniversityofDenver______________________________________________________AbstractThispaperstudiestheeffectofcommoditypricesandeconomiccrisisontwenty-firstcenturyLatinAmericanleft-leaningpopulism.Ourresultsshowsthathighereconomicpricesarecorrelatedwithmorepopulismconditionaloncountriesalreadybeingunderapopulistregime.Wedonothaveconclusivestatisticalevidenceoftheeffectofeconomiccrisisonpopulistregimes.______________________________________________________JELCodes:E02;P11;P51Keywords:LatinAmerica,populism,commodityprices,crisisI.IntroductionTheriseoftwenty-firstcenturypopulismisarecenttopicofstudyineconomicsandpoliticalsciences.Thisliteraturefocusesontheproblematicissuesofdefiningpopulism,theirreturntogovernmentpower,anditspolicies’economicandsocialcosts.Thispaperstudiestheimpactofcommoditypricesandeconomiccrisesinthetwentyfirstcenturyriseofleft-leaningpopulisminLatinAmerican.Wefocusontwoquestions.Doweseemoreleft-leaningpopulisminLatinAmericawhencommoditypricesincrease?Also,doweseeanincreaseinpopulismafterarecenteconomiccrisis?Thesearetwotypicalfeaturespresentinthepopulismliterature.Commodityexportcountriesbenefitfromawindfallofresourcesduringhighinternationalpricesthatallowgovernmentstoexecuteredistributiveandtypicalpopulistpolicies.Aneconomiccrisiscanalsoresultinapopulistreactiontotheeconomicandsocialdownturntakingplace.Asweexplaininthenextsection,theterm“populism”isparticularlydifficulttodefine.However,acommonthreadisthatapopulistleaderseeshislegitimacyoriginatingdirectlyfromthepublic

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Title	Left-Populism, Commodity Prices, and Economic Crises in Latin America
Authors/Creators:	Nicolás Cachanosky, Metropolitan State University of Denver Alexandre Padilla, Metropolitan State University of Denver
Year:	2021
Volume:	36
Number:	2
Pages:	1 - 17
Publisher:	The Association of Private Enterprise Education
ISSN:	0890-913X
Document Type:	Articles
Keywords:	Latin America, populism, commodity prices, crisis

Citation:
Cachanosky, Nicolás; Padilla, Alexandre / 2021. "Left-Populism, Commodity Prices, and Economic Crises in Latin America." The Journal of Private Enterprise, 36(2): 1-17.