Religion, Culture, and Economic Performance
AbstractThe hypothesis that the coefficients on variables of religious affiliation are jointly equal to zero can frequently be rejected at conventional levels of statistical significance (i.e., religion matters), but no robust relationship between adherence to major world religions and national economic performance is uncovered, using both cross-national and subnational data. The results with respect to Islam do not support the notion that it is inimical to growth. On the contrary, every statistically significant coefficient on Muslim population shares reported in this paper - in both cross-country and within-country statistical analyses - is positive. If anything, Islam promotes growth.
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Bibliographic InfoPaper provided by Peterson Institute for International Economics in its series Working Paper Series with number WP03-8.
Date of creation: Sep 2003
Date of revision:
Economic growth; convergence; religion; Islam; India; Malaysia; Ghana;
Find related papers by JEL classification:
- O40 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
- Z12 - Other Special Topics - - Cultural Economics - - - Religion
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