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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. Guiso, Luigi & Sapienza, Paola & Zingales, Luigi, 2003. "People's opium? Religion and economic attitudes," Journal of Monetary Economics, Elsevier, vol. 50(1), pages 225-282, January.
    2. Pablo Brañas-Garza & Máximo Rossi & Dayna Zaclicever, 2006. "Individual’s religiosity enhances trust: Latin American evidence for the puzzle," Documentos de Trabajo (working papers) 0506, Department of Economics - dECON.
    3. Fred Glahe & Frank Vorhies, 1989. "Religion, liberty and economic development: An empirical investigation," Public Choice, Springer, vol. 62(3), pages 201-215, September.
    4. Pablo Brañas-Garza & Teresa García-Muñoz & Shoshana Neuman, 2009. "The Big Carrot:High-Stakes Incentives Revisited," Working Papers 2009-23, Department of Economics, Bar-Ilan University.
    5. Torgler, Benno, 2006. "The importance of faith: Tax morale and religiosity," Journal of Economic Behavior & Organization, Elsevier, vol. 61(1), pages 81-109, September.
    6. Rene M. Stulz & Rohan Williamson, 2001. "Culture, Openness, and Finance," NBER Working Papers 8222, National Bureau of Economic Research, Inc.
    7. Bruce Sacerdote & Edward L. Glaeser, 2001. "Education and Religion," Harvard Institute of Economic Research Working Papers 1913, Harvard - Institute of Economic Research.
    8. Laurence R. Iannaccone, 1998. "Introduction to the Economics of Religion," Journal of Economic Literature, American Economic Association, vol. 36(3), pages 1465-1495, September.
    9. Paul Fudulu, 2008. "The Economic Performance of Great Religions," Papers on Economics of Religion 08/05, Department of Economic Theory and Economic History of the University of Granada..
    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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