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Culture & Society

Cultural Economics

How Geopolitical Barriers Distort International Investment

Bruno Pellegrino
Bruno Pellegrino introduces a novel model developed with Enrico Spolaore and Romain Wacziarg that explains the lack of international investment in some countries despite their promise of higher returns. The study finds that removing certain barriers to international capital flows could boost global GDP by 7% and significantly reduce cross-country inequality.
Antitrust and Competition

Rising Market Power Has Led to the Rise in Far-Right Political Parties

Tommaso Crescioli
In new research, Tommaso Crescioli & Toon Van Overbeke find that small business owners and their families who have lost revenue share to rising market concentration among big businesses have turned to far-right political parties to express their grievances.
Democracy

Is a Gridlocked Congress Causing More Polarization?

Marc Jacob
In new research, Marc Jacob, Barton E. Lee and Gabriele Gratton argue that legislative gridlock is not only a consequence of Congress’ polarization but also a cause of it. In sum, both polarization and gridlock fuel one another generating a vicious spiral toward political mire.
Populism

How Right and Left-Wing Populists Impact Government Spending

Piergiuseppe Fortunato
Piergiuseppe Fortunato, Tanmay Singh, and Marco Pecoraro research the behavior of populist leaders and parties around the world and how their policies influence subsequent government spending. Their research shows that populists from either side of the ideological spectrum have very little in common in terms of policy despite similar anti-elite rhetoric.
Commentary

The Political Economy of Populism in Mexico

Rodrigo Castro Cornejo
Rodrigo Castro Cornejo discusses the reasons for the rise of left-wing populism in Mexico under Andrés Manuel López Obrador, how López Obrador’s administration has changed Mexico’s political economy in his six years in office, and what this means for the future of populism in Mexico as voters head to the polls on June 2.
Commentary

The Political Economy of Left-Wing Populism in America

Richard Oestreicher
Richard Oestreicher explores the recent history of left-wing populism in the United States: its origins, its motivations, and how that populism is likely to mature and transform U.S. politics with it.
Commentary

The Political Economy of Right-Wing Populism in the United States

George Hawley
George Hawley explores the economic impulses behind parts of the Republican Party’s populist turn and what this means for the GOP going forward.
Commentary

The Political Economy of Populism in the United Kingdom

James Wood
James Wood explores the sources of populism in the United Kingdom, its recent developments, and what this means for the country’s 2024 general election.
Commentary

The Political Economy of Populism in Italy

Davide Vampa
Davide Vampa explores the sources of populism in Italy, its recent developments, and what this means for the country’s 2024 European Parliament election.
Commentary

The Political Economy of Populism in Germany

Knut Bergmann
Knut Bergmann and Matthias Diermeier discuss the economic origins and developments of Germany’s right-wing Alternative for Germany party and how the party’s rise reflects, in part, voters’ concerns that mainstream parties are failing to protect the future of Germany’s vibrant manufacturing sector.
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