Relationship between Religiosity and Individual Economic Achievement: Evidence from South Kalimantan, Indonesia

14 Pages Posted: 30 Jul 2018 Last revised: 13 Aug 2018

See all articles by Selamah Yusof

Selamah Yusof

International Islamic University of Malaysia (IIUM) - Department of Economics

Mochammad Arif Budiman

Politeknik Negeri Banjarmasin, Indonesia

Ruzita Mohd Amin

International Islamic University of Malaysia (IIUM) - Kulliyah of Economics and Management Sciences

Date Written: July 1, 2018

Abstract

This study investigates the effect of religiosity on economic development or achievement of individuals in South Kalimantan, Indonesia. This province is of interest as its people are viewed as highly religious but lagging in economic development. The study attempts to address the measurement issues found in earlier studies at the micro level of analysis by constructing a multi-dimensional measure of religiosity. This study considers five dimensions of religion, namely: ritualistic, experiential, ideological, consequential and intellectual. Apart from the construction of a multi-dimensional measure of religiosity, an indicator of economic wellbeing is formulated other than income. The results show that Muslims in South Kalimantan have a high level of religiosity and that those with higher level of religiosity are economically better-off. Education was also found to be a significant determinant of individual economic achievement. Hence, religion and education must be emphasized for economic progress especially for South Kalimantan which has a low level of education.

Keywords: Religiosity, South Kalimantan, Economic achievement

JEL Classification: A12, A13, 012, Z12

Suggested Citation

Yusof, Selamah and Budiman, Mochammad Arif and Mohd Amin, Ruzita, Relationship between Religiosity and Individual Economic Achievement: Evidence from South Kalimantan, Indonesia (July 1, 2018). Journal of King Abdulaziz University: Islamic Economics, Vol. 31, No. 2, p. 3-16, July 2018, Available at SSRN: https://ssrn.com/abstract=3216027

Selamah Yusof (Contact Author)

International Islamic University of Malaysia (IIUM) - Department of Economics ( email )

Jalan Gombak
Kuala Lumpur, 53100
Malaysia

Mochammad Arif Budiman

Politeknik Negeri Banjarmasin, Indonesia ( email )

Jl. Brigjend. H. Hasan Basri
Banjarmasin, Kalimantan Selatan 70123
Indonesia

HOME PAGE: http://www.poliban.ac.id

Ruzita Mohd Amin

International Islamic University of Malaysia (IIUM) - Kulliyah of Economics and Management Sciences ( email )

Kuala Lumpur, 50728
Malaysia

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