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Does Religion Distribution Matter in the Economic Growth of Latin America?

  • 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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    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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    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
    Contact details of provider: Postal: 100 Wenhwa Road, Seatwen, Taichung
    Web page: http://www.ijbe.org/

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    1. Brañas-Garza, Pablo & García-Muñoz, Teresa & Neuman, Shoshana, 2008. "The Big Carrot: High Stake Incentives Revisited," CEPR Discussion Papers 6666, C.E.P.R. Discussion Papers.
    2. Luigi Guiso & Paola Sapienza & Luigi Zingales, 2002. "People's Opium? Religion and Economic Attitudes," NBER Working Papers 9237, National Bureau of Economic Research, Inc.
    3. Bruce Sacerdote & Edward L. Glaeser, 2001. "Education and Religion," NBER Working Papers 8080, National Bureau of Economic Research, Inc.
    4. 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..
    5. Fred Glahe & Frank Vorhies, 1989. "Religion, liberty and economic development: An empirical investigation," Public Choice, Springer, vol. 62(3), pages 201-215, September.
    6. 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.
    7. Laurence R. Iannaccone, 1998. "Introduction to the Economics of Religion," Journal of Economic Literature, American Economic Association, vol. 36(3), pages 1465-1495, September.
    8. 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).
    9. Stulz, Rene M. & Williamson, Rohan, 2003. "Culture, openness, and finance," Journal of Financial Economics, Elsevier, vol. 70(3), pages 313-349, December.
    10. 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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