Religion, Culture and Economic Performance
Peterson Institute for International Economics; East-West Center
November 20, 2003
KDI School of Pub Policy & Management Paper No. 03-13
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, virtually 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.
Number of Pages in PDF File: 64
Keywords: economic growth, convergence, religion, Islam, India, Malaysia, Ghana
JEL Classification: O40, Z12working papers series
Date posted: February 17, 2004
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