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An empirical note on entrepreneurial activity, intrinsic religiosity and economic growth

Author

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  • Craig S. Galbraith
  • Devon M. Galbraith

Abstract

Purpose - The purpose of this paper is to examine and test the relationship and interaction between “intrinsic” religiosity, entrepreneurial activity, and economic growth. Design/methodology/approach - The paper selects 23 countries that are predominately Christian and examine the connection between country‐wide religious orientation, entrepreneurial activity, and economic growth. It specifically examines “intrinsic” religiosity, and defines entrepreneurial activity as either total start‐up entrepreneurial activity or opportunity‐based entrepreneurial activity. It is hypothesized that there is a direct relationship between religious attitudes and both economic growth and entrepreneurial activity, with entrepreneurial activity also acting as an intervening variable. The empirical relationship between “intrinsic” religiosity, entrepreneurial activity, and economic growth is then examined. Findings - The findings suggest that while “intrinsic” religiosity is positively related to economic growth, the key relationship may be between “intrinsic” religiosity and entrepreneurial activity, with entrepreneurial activity then resulting in economic growth. Originality/value - By examining the diverse literatures of economic development, entrepreneurship, theology, and the psychology of religion, this paper offers a unique analysis of religious attitudes and their impact on entrepreneurial activity and economic growth. Both the conceptual discussion and the empirical results extend previous studies examining cultural approaches to understanding economic growth.

Suggested Citation

  • Craig S. Galbraith & Devon M. Galbraith, 2007. "An empirical note on entrepreneurial activity, intrinsic religiosity and economic growth," Journal of Enterprising Communities: People and Places in the Global Economy, Emerald Group Publishing Limited, vol. 1(2), pages 188-201, June.
    • Handle: RePEc:eme:jecpps:v:1:y:2007:i:2:p:188-201
    DOI: 10.1108/17506200710752601
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    Citations

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    Cited by:

    1. Ahmad Isa Abdullahi & Fakhrul Anwar Zainol, 2016. "The Impact of Socio-cultural Business Environment on Entrepreneurial Intention: A Conceptual Approach," International Journal of Academic Research in Business and Social Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Business and Social Sciences, vol. 6(2), pages 80-94, February.
    2. Gil Avnimelech & Yaron Zelekha, 2023. "Religion and the gender gap in entrepreneurship," International Entrepreneurship and Management Journal, Springer, vol. 19(2), pages 629-665, June.
    3. Siwale, Juliana & Gurău, Călin & Aluko, Olu & Dana, Léo-Paul & Ojo, Sanya, 2023. "Toward understanding the dynamics of the relationship between religion, entrepreneurship and social change: Empirical findings from technology-savvy African immigrants in UK," Technological Forecasting and Social Change, Elsevier, vol. 186(PB).
    4. Selamah Abdullah Yusof & Mohammad Arif Budiman & Ruzita Mohammad Amin, 2018. "Relationship between Religiosity and Individual Economic Achievement: Evidence from South Kalimantan, Indonesia العلاقة بين التدين والإنجاز الاقتصادي للأفراد: أدلة من جنوب كاليمانتان، إندونيسيا," Journal of King Abdulaziz University: Islamic Economics, King Abdulaziz University, Islamic Economics Institute., vol. 31(2), pages 3-16, July.
    5. Brigitte Hoogendoorn & Cornelius A. Rietveld & André Stel, 2016. "Belonging, believing, bonding, and behaving: the relationship between religion and business ownership at the country level," Journal of Evolutionary Economics, Springer, vol. 26(3), pages 519-550, July.
    6. K. Parboteeah & Sascha Walter & Jörn Block, 2015. "When Does Christian Religion Matter for Entrepreneurial Activity? The Contingent Effect of a Country’s Investments into Knowledge," Journal of Business Ethics, Springer, vol. 130(2), pages 447-465, August.
    7. Jelil Owolabi Sunday Akintoye Rufus, Akinwunmi, 2018. "Corporate Board Ethno - Religious Diversity And Performance Of Quoted Manufacturing Companies In Nigeria," International Journal of Contemporary Accounting Issues-IJCAI (formerly International Journal of Accounting & Finance IJAF), The Institute of Chartered Accountants of Nigeria (ICAN), vol. 7(2), pages 56-72, December.
    8. Deller, Steven C. & Conroy, Tessa & Markeson, Bjorn, 2018. "Social capital, religion and small business activity," Journal of Economic Behavior & Organization, Elsevier, vol. 155(C), pages 365-381.
    9. Abraham Gyamfi Ababio & Anthony Osei-Fosu & Emmanuel Buabeng, 2021. "Religious orientation and poverty in Ghana: associations and explanations," Journal of Social and Economic Development, Springer;Institute for Social and Economic Change, vol. 23(2), pages 377-396, December.
    10. Feng Zhang & Haina Zhang & Geoffrey G. Bell, 2021. "Corporate religiosity and individual decision on conducting entrepreneurial activity: The contingent effects of institutional environments in China," Asia Pacific Journal of Management, Springer, vol. 38(3), pages 955-978, September.
    11. Audretsch, David B. & Bönte, Werner & Tamvada, Jagannadha Pawan, 2013. "Religion, social class, and entrepreneurial choice," Journal of Business Venturing, Elsevier, vol. 28(6), pages 774-789.
    12. Firman Firman & Agus Prianto & Mindaudah Mindaudah, 2023. "The role of religiosity in strengthening resilience, work involvement, and worker performance in Jombang Regency, East Java Indonesia," Technium Social Sciences Journal, Technium Science, vol. 45(1), pages 353-371, July.

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