The economic effects of the Protestant Reformation: Testing the Weber hypothesis in the German Lands
Abstract
Many theories, most famously Max Weber’s essay on the “Protestant ethic,” have hypothesized that Protestantism should have favored economic development. With their considerable religious heterogeneity and stability of denominational affiliations until the 19th century, the German Lands of the Holy Roman Empire present an ideal testing ground for this hypothesis. Using population figures in a dataset comprising 272 cities in the years 1300–1900, I find no effects of Protestantism on economic growth. The finding is robust to the inclusion of a variety of controls, and does not appear to depend on data selection or small sample size. In addition, Protestantism has no effect when interacted with other likely determinants of economic development. I also analyze the endogeneity of religious choice; instrumental variables estimates of the effects of Protestantism are similar to the OLS results.Download Info
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Paper provided by Department of Economics and Business, Universitat Pompeu Fabra in its series Economics Working Papers with number 1260.Length:
Date of creation: Dec 2010
Date of revision:
Handle: RePEc:upf:upfgen:1260
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Web page: http://www.econ.upf.edu/
Related research
Keywords: Protestantism; Culture; Economic Growth; Historical Development; Germany;Other versions of this item:
- Cantoni, Davide, 2013. "The Economic Effects of the Protestant Reformation: Testing the Weber Hypothesis in the German Lands," Discussion Papers in Economics 14811, University of Munich, Department of Economics.
- Davide Cantoni, 2010. "The Economic Effects of the Protestant Reformation: Testing the Weber Hypothesis in the German Lands," Working Papers 524, Barcelona Graduate School of Economics.
- N13 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Europe: Pre-1913
- N33 - Economic History - - Labor and Consumers, Demography, Education, Health, Welfare, Income, Wealth, Religion, and Philanthropy - - - Europe: Pre-1913
- O11 - Economic Development, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
- Z12 - Other Special Topics - - Cultural Economics - - - Religion
This paper has been announced in the following NEP Reports:
- NEP-ALL-2011-02-05 (All new papers)
- NEP-HIS-2011-02-05 (Business, Economic & Financial History)
- NEP-SOC-2011-02-05 (Social Norms & Social Capital)
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References listed on IDEASPlease report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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Citations
Blog mentions
As found by EconAcademics.org, the blog aggregator for Economics research:- Protestantism and economic growth
by Economic Logician in Economic Logic on 2013-04-22 14:46:00
Cited by:
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"The phantom of the opera: Cultural amenities, human capital, and regional economic growth,"
Labour Economics,
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