24 Pages Posted: 28 Dec 2009
Economic growth has not led to a decline in religion despite past predictions that it would. Using a formal model of religious competition, I show how economic growth produces counteracting effects on religious activity in an open religious market, and that it has little effect in a religious market that is already secularized due to regulations that prohibit religious competition or in a highly religious market with regulations that inhibit secular activities. Theories predicting the decline of religion due to rising opportunity costs of religious demand and supply ignore countervailing influences.
Suggested Citation: Suggested Citation
McBride, Michael T., Religious Market Competition in a Richer World. Economica, Vol. 77, Issue 305, pp. 148-171, January 2010. Available at SSRN: https://ssrn.com/abstract=1527604 or http://dx.doi.org/10.1111/j.1468-0335.2008.00732.x
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