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Implications of the Economics of Religion to the Empirical Economic Research

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  • Esa Mangeloja

    (University of Jyvaskyla)

Abstract

This paper collects most recent developments in the emerging economic sub-area Economics of Religion. According to secularization thesis, the importance of beliefs and religious activities should weaken as education, scientific knowledge and economic welfare increases. That hypothesis has been previously proofed false, but it continues to affect people's attitudes. This survey analyzes the economic consequences of religion, the two-way interrelationship between religious and economic activities and the present state of economic scrutiny on the subject, exploring the emerging sub-field of economics, which appends our notion of factors behind the economic behavior and growth, by including religious activity as an important factor in economic development. Changes in belief systems, which in many cases will be forms of religion, also can significantly influence individual behavior along with the maximization of individual profit and utility. The finding that economic growth depends also on the productivity of the religious sector, offers interesting future research opportunities.

Suggested Citation

  • Esa Mangeloja, 2003. "Implications of the Economics of Religion to the Empirical Economic Research," Others 0310004, University Library of Munich, Germany.
    • Handle: RePEc:wpa:wuwpot:0310004
    Note: Type of Document - pdf; prepared on Win2000, LaTex; pages: 14
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    File URL: https://econwpa.ub.uni-muenchen.de/econ-wp/othr/papers/0310/0310004.pdf
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    References listed on IDEAS

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    1. Edward J. Larson & Larry Witham, 1998. "Leading scientists still reject God," Nature, Nature, vol. 394(6691), pages 313-313, July.
    2. 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.
    3. Laurence R. Iannaccone, 1998. "Introduction to the Economics of Religion," Journal of Economic Literature, American Economic Association, vol. 36(3), pages 1465-1495, September.
    4. McCleary, Rachel & Barro, Robert, 2002. "Religion and Political Economy in an International Panel," Scholarly Articles 3221170, Harvard University Department of Economics.
    5. Keely, Louise, 2003. "Comment on: People's opium? Religion and economic attitudes," Journal of Monetary Economics, Elsevier, vol. 50(1), pages 283-287, January.
    6. Barro, Robert J, 2000. "Inequality and Growth in a Panel of Countries," Journal of Economic Growth, Springer, vol. 5(1), pages 5-32, March.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Kaasa, Anneli, 2016. "Culture, religion and productivity: Evidence from European regions," Business and Economic Horizons (BEH), Prague Development Center (PRADEC), vol. 12(1), pages 1-18.
    2. Lou O'Neil, Mary & Bilgin, Mehmet Huseyin & Lau, Chi Keung Marco, 2012. "The Effects of Religious Beliefs on the Working Decisions of Women: Some Evidence from Turkey," MPRA Paper 46973, University Library of Munich, Germany.
    3. Anneli Kaasa, 2018. "Intangible factors and productivity: Evidence from Europe at the regional level," Business and Economic Horizons (BEH), Prague Development Center, vol. 14(2), pages 300-325, April.
    4. Anneli Kaasa, 2016. "Culture, religion and productivity: Evidence from European regions," Business and Economic Horizons (BEH), Prague Development Center, vol. 12(1), pages 11-28, April.

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    More about this item

    Keywords

    Economics of Religion; Religion; Economic Growth; Growth Theory; human capital; religious capital;
    All these keywords.

    JEL classification:

    • Z0 - Other Special Topics - - General
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
    • O4 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity

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