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Effects of competition on religious markets: some empirical evidence


  • J. A. Pena Lopez
  • J. M. Sanchez Santos


The aim of this article is to assess, from an empirical point of view, the relative explanatory capacities of two hypotheses that address the link between economics and religion: the religious markets and the secularization hypothesis. First, we estimate a baseline model that takes into account both hypotheses jointly. Secondly, we study in a separate way the influence of socioeconomic development and market structure. Finally, we investigate the relationship between group size and religious commitment. Overall, the results suggest some supporting evidence for the predictions derived from the hypothesis of religious markets that emphasize the over-riding importance of the degree of competition as a determinant factor of religious behaviours.

Suggested Citation

  • J. A. Pena Lopez & J. M. Sanchez Santos, 2008. "Effects of competition on religious markets: some empirical evidence," Applied Economics Letters, Taylor & Francis Journals, vol. 15(5), pages 371-374.
  • Handle: RePEc:taf:apeclt:v:15:y:2008:i:5:p:371-374 DOI: 10.1080/13504850600706149

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    References listed on IDEAS

    1. Holtz-Eakin, Douglas & Newey, Whitney & Rosen, Harvey S, 1989. "The Revenues-Expenditures Nexus: Evidence from Local Government Data," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 30(2), pages 415-429, May.
    2. Hall, Peter & Horowitz, Joel L, 1996. "Bootstrap Critical Values for Tests Based on Generalized-Method-of-Moments Estimators," Econometrica, Econometric Society, vol. 64(4), pages 891-916, July.
    3. Bowsher, Clive G., 2002. "On testing overidentifying restrictions in dynamic panel data models," Economics Letters, Elsevier, vol. 77(2), pages 211-220, October.
    4. Manuel Arellano & Stephen Bond, 1991. "Some Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equations," Review of Economic Studies, Oxford University Press, vol. 58(2), pages 277-297.
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