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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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    Related research

    Keywords: religion; religious affiliations; growth; Latin America;

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    References

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    1. Luigi Guiso & Paola Sapienza & Luigi Zingales, 2002. "People's Opium? Religion and Economic Attitudes," NBER Working Papers 9237, National Bureau of Economic Research, Inc.
    2. Pablo Brañas-Garza & Maximo Rossi & Dyane Zaclicever, 2006. "Individual s religiosity enhances trust: Latin American evidence for the puzzle," Papers on Economics of Religion 06/05, Department of Economic Theory and Economic History of the University of Granada..
    3. 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.
    4. 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.
    5. Bruce Sacerdote & Edward L. Glaeser, 2001. "Education and Religion," NBER Working Papers 8080, National Bureau of Economic Research, Inc.
    6. Stulz, Rene M. & Williamson, Rohan, 2003. "Culture, openness, and finance," Journal of Financial Economics, Elsevier, vol. 70(3), pages 313-349, December.
    7. Benno Torgler, 2003. "The Importance of Faith: Tax Morale and Religiosity," CREMA Working Paper Series 2003-08, Center for Research in Economics, Management and the Arts (CREMA).
    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..
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