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Religion, Culture, and Economic Performance

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  • Marcus Noland

    () (Peterson Institute for International Economics)

Abstract

The hypothesis that the coefficients on variables of religious affiliation are jointly equal to zero can frequently be rejected at conventional levels of statistical significance (i.e., religion matters), but no robust relationship between adherence to major world religions and national economic performance is uncovered, using both cross-national and subnational data. The results with respect to Islam do not support the notion that it is inimical to growth. On the contrary, every statistically significant coefficient on Muslim population shares reported in this paper - in both cross-country and within-country statistical analyses - is positive. If anything, Islam promotes growth.

Suggested Citation

  • Marcus Noland, 2003. "Religion, Culture, and Economic Performance," Working Paper Series WP03-8, Peterson Institute for International Economics.
  • Handle: RePEc:iie:wpaper:wp03-8
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    Citations

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    Cited by:

    1. Roland Bénabou & Jean Tirole, 2006. "Belief in a Just World and Redistributive Politics," The Quarterly Journal of Economics, Oxford University Press, vol. 121(2), pages 699-746.
    2. Marcus Noland & Howard Pack, 2004. "Islam, Globalization, and Economic Performance in the Middle East," Policy Briefs PB04-04, Peterson Institute for International Economics.
    3. Steven N. Durlauf & Andros Kourtellos & Chih Ming Tan, 2012. "Is God in the details? A reexamination of the role of religion in economic growth," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 27(7), pages 1059-1075, November.
    4. Paul Frijters & Juan D. Barón, 2012. "The Cult of Theoi: Economic Uncertainty and Religion," The Economic Record, The Economic Society of Australia, vol. 88(s1), pages 116-136, June.
    5. Hilary, Gilles & Hui, Kai Wai, 2009. "Does religion matter in corporate decision making in America?," Journal of Financial Economics, Elsevier, vol. 93(3), pages 455-473, September.
    6. Charles Plaigin, 2009. "Exploratory study on the presence of cultural and institutional growth spillovers," DULBEA Working Papers 09-03.RS, ULB -- Universite Libre de Bruxelles.
    7. ., 2014. "Ibn Khaldun’s theory of development: does it help explain the low performance of the present-day Muslim world?," Chapters,in: Morality and Justice in Islamic Economics and Finance, chapter 4, pages 93-134 Edward Elgar Publishing.
    8. Benabou, Roland, 2008. "Ideology," IZA Discussion Papers 3416, Institute for the Study of Labor (IZA).
    9. Patrick A. Imam & Kangni R Kpodar, 2010. "Islamic Banking; How Has it Diffused?," IMF Working Papers 10/195, International Monetary Fund.
    10. Steven N. Durlauf & Andros Kourtelos & Chih Ming Tan, 2006. "Is God in the details? A reexamination of the Role of Relegion in Economic," University of Cyprus Working Papers in Economics 10-2006, University of Cyprus Department of Economics.
    11. Hajj, Mandana & Panizza, Ugo, 2009. "Religion and education gender gap: Are Muslims different?," Economics of Education Review, Elsevier, vol. 28(3), pages 337-344, June.
    12. 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.
    13. Kunting Chen, 2012. "Analysis of the Great Divergence under a Unified Endogenous Growth Model," Annals of Economics and Finance, Society for AEF, vol. 13(2), pages 317-353, November.
    14. Saïda Daly & Mohamed Frikha, 2016. "Islamic Finance: Basic Principles and Contributions in Financing Economic," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 7(2), pages 496-512, June.
    15. Tarik M. Yousef, 2004. "Development, Growth and Policy Reform in the Middle East and North Africa since 1950," Journal of Economic Perspectives, American Economic Association, vol. 18(3), pages 91-115, Summer.
    16. Volker Nienhaus, 2014. "Religion and development," Chapters,in: Handbook on Islam and Economic Life, chapter 28, pages iii-iii Edward Elgar Publishing.
    17. Yaron Zelekha & Gil Avnimelech & Eyal Sharabi, 2014. "Religious institutions and entrepreneurship," Small Business Economics, Springer, vol. 42(4), pages 747-767, April.

    More about this item

    Keywords

    Economic growth; convergence; religion; Islam; India; Malaysia; Ghana;

    JEL classification:

    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
    • Z12 - Other Special Topics - - Cultural Economics - - - Religion

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