Publication Date
10-2024
Abstract
We study the institutional impact of 21st-century left-leaning populist regimes in Latin America. Looking at the representative left-leaning populist regimes in Argentina, Bo-livia, Ecuador, Nicaragua, and Venezuela, we find that these types of populist regimes impose a significant undermining on the liberal-democracy institutional quality of their countries. The institutional cost is both significant and long-lasting, and our synthetic counterfactual suggests that liberal democratic institutions would have im-proved if not for these populist regimes.