Religious Market Competition in a Richer World

24 Pages Posted: 28 Dec 2009  

Michael T. McBride

University of California, Irvine - Department of Economics

Abstract

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

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

Michael T. McBride (Contact Author)

University of California, Irvine - Department of Economics ( email )

3151 Social Science Plaza
Irvine, CA 92697-5100
United States

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