IDEAS home Printed from https://ideas.repec.org/
MyIDEAS: Login to save this paper or follow this series

Economic Growth and Religious Production Efficiency

  • Esa Mangeloja
Registered author(s):

    During the past few years, empirical economic growth modeling has emerged by constructing and testing numerous model and explanatory variable alternatives. One of the most promising recent idea consists that also religious aspects should be included as explanatory variables into economic growth models, therefore capturing influences of culture, moral and ethics. Moral institutions and ethics affect the economic development, as for example, trust and honesty are essential requirements for emerging economic activity. Religious activities and beliefs are documented over a long time period in many Western economies, making quantitative empirical time series data available. Following the idea and argumentation by Barro and McCleary (2003a, 2002), “religious production efficiency” measure is constructed and used in economic growth regressions for 8 OECD countries, proxying quantifiable dimensions of culture. By using panel estimation methods and additionally time-series estimations for each country, rather than usual cross-country regressions, more information is gained concerning the country specific growth and religion characteristics. Empirical evidence from the panel data estimations seems to suggest that religious beliefs attain more relevance than religious attendance. Religious production efficiency, containing both belief and activity aspects, was not found statistically significant with panel data or with individual 8 OECD countries growth model, except for Finland. Significant coefficient for Finland can be explained by referring to Finland’s unique religious market properties, as the level of religious beliefs have historically been unusually high, and continue to be, in Finland. On the other hand, attendance in religious activities has followed the typical Northern-European decreasing trend and levels. Nevertheless, defectiveness of theoretical background for analyzing the relationship between economic and religious phenomenon is apparent. More exact understanding on the links between these concepts are essentially needed to better model the economic consequences of cultural, religious and moral variables. Therefore, several suggestions are presented to gain better growth information in the future empirical growth modeling, including better theoretical background, more robust estimation techniques and longer data.

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

    File URL: http://degit.sam.sdu.dk/papers/degit_09/C009_040.pdf
    Download Restriction: no

    Paper provided by DEGIT, Dynamics, Economic Growth, and International Trade in its series DEGIT Conference Papers with number c009_040.

    as
    in new window

    Length: 25 pages
    Date of creation: Jun 2004
    Date of revision:
    Handle: RePEc:deg:conpap:c009_040
    Contact details of provider: Postal: Niels Bohrs Vej 9, 6700 Esbjerg
    Phone: +45 6550 2233
    Fax: +45 6550 1090
    Web page: http://degit.sam.sdu.dk/
    Email:


    More information through EDIRC

    References listed on IDEAS
    Please 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.:

    as in new window
    1. Rebelo, Sergio, 1991. "Long-Run Policy Analysis and Long-Run Growth," Journal of Political Economy, University of Chicago Press, vol. 99(3), pages 500-521, June.
    2. Hull, Brooks B. & Bold, Frederick, 1995. "Preaching matters: Replication and extension," Journal of Economic Behavior & Organization, Elsevier, vol. 27(1), pages 143-149, June.
    3. Anderson, Gary M, 1988. "Mr. Smith and the Preachers: The Economics of Religion in the Wealth of Nations," Journal of Political Economy, University of Chicago Press, vol. 96(5), pages 1066-88, October.
    4. Pritchett, Lant, 1996. "Population growth, factor accumulation, and productivity," Policy Research Working Paper Series 1567, The World Bank.
    5. Barro, Robert J, 2000. " Inequality and Growth in a Panel of Countries," Journal of Economic Growth, Springer, vol. 5(1), pages 5-32, March.
    6. Clive Beed & Cara Beed, 1996. "A Christian perspective on economics," Journal of Economic Methodology, Taylor & Francis Journals, vol. 3(1), pages 91-112.
    7. Keely, Louise, 2003. "Comment on: People's opium? Religion and economic attitudes," Journal of Monetary Economics, Elsevier, vol. 50(1), pages 283-287, January.
    8. Gary M. Anderson and Robert U. Tollison, 1992. "Morality and Monopoly: The Constitutional Political Economy of Religious Rules," Cato Journal, Cato Journal, Cato Institute, vol. 12(2), pages 373-392, Fall.
    9. Robert J. Barro & Rachel McCleary, 2003. "Religion and Economic Growth," NBER Working Papers 9682, National Bureau of Economic Research, Inc.
    10. Becker, Gary S, 1988. "Family Economics and Macro Behavior," American Economic Review, American Economic Association, vol. 78(1), pages 1-13, March.
    11. Barro, Robert J, 1990. "Government Spending in a Simple Model of Endogenous Growth," Journal of Political Economy, University of Chicago Press, vol. 98(5), pages S103-26, October.
    12. Gary S. Becker & Robert J. Barro, 1986. "A Reformulation of the Economic Theory of Fertility," NBER Working Papers 1793, National Bureau of Economic Research, Inc.
    13. Edwards, Sebastian, 1993. "Openness, Trade Liberalization, and Growth in Developing Countries," Journal of Economic Literature, American Economic Association, vol. 31(3), pages 1358-93, September.
    14. Laurence R. Iannaccone, 1998. "Introduction to the Economics of Religion," Journal of Economic Literature, American Economic Association, vol. 36(3), pages 1465-1495, September.
    15. De Long, J Bradford, 1988. "Productivity Growth, Convergence, and Welfare: Comment," American Economic Review, American Economic Association, vol. 78(5), pages 1138-54, December.
    16. Barro, Robert J, 1991. "Economic Growth in a Cross Section of Countries," The Quarterly Journal of Economics, MIT Press, vol. 106(2), pages 407-43, May.
    17. Robert J. Barro & Rachel M. McCleary, 2002. "Religion and Political Economy in an International Panel," NBER Working Papers 8931, National Bureau of Economic Research, Inc.
    18. Temple, Jonathan, 2000. "Growth Regressions and What the Textbooks Don't Tell You," Bulletin of Economic Research, Wiley Blackwell, vol. 52(3), pages 181-205, July.
    19. Metin Cosgel & Lanse Minkler, 2004. "Religious Identity and Consumption," Review of Social Economy, Taylor & Francis Journals, vol. 62(3), pages 339-350.
    20. Klenow, Peter J. & Rodriguez-Clare, Andres, 1997. "Economic growth: A review essay," Journal of Monetary Economics, Elsevier, vol. 40(3), pages 597-617, December.
    21. Jones, Charles I, 1995. "R&D-Based Models of Economic Growth," Journal of Political Economy, University of Chicago Press, vol. 103(4), pages 759-84, August.
    22. Heath, W. C. & Waters, M. S. & Watson, J. K., 1995. "Religion and economic welfare: An empirical analysis of state per capita income," Journal of Economic Behavior & Organization, Elsevier, vol. 27(1), pages 129-142, June.
    23. Jones, Charles I, 1995. "Time Series Tests of Endogenous Growth Models," The Quarterly Journal of Economics, MIT Press, vol. 110(2), pages 495-525, May.
    24. Brenner, Reuven & Kiefer, Nicholas M, 1981. "The Economics of the Diaspora: Discrimination and Occupational Structure," Economic Development and Cultural Change, University of Chicago Press, vol. 29(3), pages 517-34, April.
    25. Guiso, Luigi & Sapienza, Paola & Zingales, Luigi, 2002. "People's Opium? Religion and Economic Attitudes," CEPR Discussion Papers 3588, C.E.P.R. Discussion Papers.
    26. Mankiw, N Gregory & Romer, David & Weil, David N, 1992. "A Contribution to the Empirics of Economic Growth," The Quarterly Journal of Economics, MIT Press, vol. 107(2), pages 407-37, May.
    27. George A. Akerlof & Rachel E. Kranton, 2000. "Economics And Identity," The Quarterly Journal of Economics, MIT Press, vol. 115(3), pages 715-753, August.
    28. Grier, Robin, 1997. "The Effect of Religion on Economic Development: A Cross National Study of Sixty-three Former Colonies," Kyklos, Wiley Blackwell, vol. 50(1), pages 47-62.
    29. Metin M. Cosgel & Lanse Minkler, 2002. "Rationality, Integrity, and Religious Behavior," Working papers 2002-09, University of Connecticut, Department of Economics.
    30. Lipford, Jody & McCormick, Robert E. & Tollison, Robert D., 1993. "Preaching matters," Journal of Economic Behavior & Organization, Elsevier, vol. 21(3), pages 235-250, August.
    31. Robert Barro & Rachel M. McCleary, 2003. "International Determinants of Religiosity," NBER Working Papers 10147, National Bureau of Economic Research, Inc.
    32. Gary S. Becker & Kevin M. Murphy & Robert Tamura, 1994. "Human Capital, Fertility, and Economic Growth," NBER Chapters, in: Human Capital: A Theoretical and Empirical Analysis with Special Reference to Education (3rd Edition), pages 323-350 National Bureau of Economic Research, Inc.
    33. Robert J. Barro, 1991. "A Cross-Country Study of Growth, Saving, and Government," NBER Chapters, in: National Saving and Economic Performance, pages 271-304 National Bureau of Economic Research, Inc.
    34. Bleaney, Michael & Nishiyama, Akira, 2002. " Explaining Growth: A Contest between Models," Journal of Economic Growth, Springer, vol. 7(1), pages 43-56, March.
    35. Cameron, Samuel, 1999. "Faith, frequency, and the allocation of time: a micro level study of religious capital and participation," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 28(4), pages 439-456.
    36. Edward L. Glaeser & Gary S. Becker & Kevin M. Murphy, 1999. "Population and Economic Growth," American Economic Review, American Economic Association, vol. 89(2), pages 145-149, May.
    37. Levin, Jeffrey S., 1994. "Religion and health: Is there an association, is it valid, and is it causal?," Social Science & Medicine, Elsevier, vol. 38(11), pages 1475-1482, June.
    38. Abbotts, Joanne E. & Williams, Rory G. A. & Sweeting, Helen N. & West, Patrick B., 2004. "Is going to church good or bad for you? Denomination, attendance and mental health of children in West Scotland," Social Science & Medicine, Elsevier, vol. 58(3), pages 645-656, February.
    39. Baumol, William J & Wolff, Edward N, 1988. "Productivity Growth, Convergence, and Welfare: Reply," American Economic Review, American Economic Association, vol. 78(5), pages 1155-59, December.
    40. Jonathan Temple, 1999. "The New Growth Evidence," Journal of Economic Literature, American Economic Association, vol. 37(1), pages 112-156, March.
    41. Lipford, Jody W. & Tollison, Robert D., 2003. "Religious participation and income," Journal of Economic Behavior & Organization, Elsevier, vol. 51(2), pages 249-260, June.
    Full references (including those not matched with items on IDEAS)

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    When requesting a correction, please mention this item's handle: RePEc:deg:conpap:c009_040. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Jan Pedersen)

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.