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Does Religion Distribution Matter in the Economic Growth of Latin America?

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  • Jaime Ortiz

    (Division of International Programs and A. R. Sanchez Jr. School of Business, Texas A&M International University, U.S.A.)

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    Abstract

    This research empirically analyzes the relationship between religion distribution and economic performance for a number of Latin American countries. The econometric results using time-series cross-sectional data yield consistent yet relatively mild estimates. Religion as a conduit for modifying values, behaviors, and outcomes does influence aggregate rates of per-capita economic growth and total factor productivity ratios in the region. However, once broken down by religious beliefs, the Catholic religion plays by far the largest role, rendering other well-known religious affiliations less important.

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    Bibliographic Info

    Article provided by College of Business, and College of Finance, Feng Chia University, Taichung, Taiwan in its journal International Journal of Business and Economics.

    Volume (Year): 8 (2009)
    Issue (Month): 3 (December)
    Pages: 183-199

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    Handle: RePEc:ijb:journl:v:8:y:2009:i:3:p:183-199

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    Postal: 100 Wenhwa Road, Seatwen, Taichung
    Web page: http://www.ijbe.org/
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    Keywords: religion; religious affiliations; growth; Latin America;

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    1. Stulz, Rene M. & Williamson, Rohan, 2003. "Culture, openness, and finance," Journal of Financial Economics, Elsevier, Elsevier, vol. 70(3), pages 313-349, December.
    2. Edward L. Glaeser & Bruce I. Sacerdote, 2008. "Education and Religion," Journal of Human Capital, University of Chicago Press, University of Chicago Press, vol. 2(2), pages 188-215.
    3. Brañas-Garza, Pablo & García-Muñoz, Teresa & Neuman, Shoshana, 2008. "The Big Carrot: High Stake Incentives Revisited," CEPR Discussion Papers, C.E.P.R. Discussion Papers 6666, C.E.P.R. Discussion Papers.
    4. Torgler, Benno, 2006. "The importance of faith: Tax morale and religiosity," Journal of Economic Behavior & Organization, Elsevier, vol. 61(1), pages 81-109, September.
    5. Paul Fudulu, 2008. "The Economic Performance of Great Religions," Papers on Economics of Religion, Department of Economic Theory and Economic History of the University of Granada. 08/05, Department of Economic Theory and Economic History of the University of Granada..
    6. Pablo Branas-Garza & Máximo Rossi & Dayna Zaclicever, 2009. "Individual's Religiosity Enhances Trust: Latin American Evidence for the Puzzle," Journal of Money, Credit and Banking, Blackwell Publishing, Blackwell Publishing, vol. 41(2-3), pages 555-566, 03.
    7. Luigi Guiso & Paola Sapienza & Luigi Zingales, 2002. "People's Opium? Religion and Economic Attitudes," NBER Working Papers 9237, National Bureau of Economic Research, Inc.
    8. Fred Glahe & Frank Vorhies, 1989. "Religion, liberty and economic development: An empirical investigation," Public Choice, Springer, Springer, vol. 62(3), pages 201-215, September.
    9. Laurence R. Iannaccone, 1998. "Introduction to the Economics of Religion," Journal of Economic Literature, American Economic Association, vol. 36(3), pages 1465-1495, September.
    10. Laurence R. Iannaccone, 1998. "Corrigenda [Introduction to the Economics of Religion]," Journal of Economic Literature, American Economic Association, vol. 36(4), pages 1941-1941, December.
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