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Empirical research on the determinants of economic growth has typically neglected the influence of religion. To fill … are the dependent variables. The instruments are dummy variables for the presence of state religion and for regulation of … the religion market, an indicator of religious pluralism, and the composition of religions. We find that economic growth …
Persistent link: https://www.econbiz.de/10012469016
Since Max Weber, there has been an active debate on the impact of religion on people's economic attitudes. Much of the … institutional factors. We use the World Values Surveys to identify the relationship between intensity of religious beliefs and …, differentiating on whether a religion is dominant in a country. We find that on average, religious beliefs are associated with good …
Persistent link: https://www.econbiz.de/10012469472
attendance and religious beliefs are positively related to education (thereby conflicting with theories in which religion … and lower fertility. We investigate the effects of official state religions, government regulation of the religion market … the measures of official state religion, government regulation, and religious pluralism …
Persistent link: https://www.econbiz.de/10012469783
"We analyze the relationship between financial development and inter-industry resource allocation in the short- and long-run. We suggest that in the long-run, economies with high rates of financial development will devote relatively more resources to industries with a 'natural' reliance on...
Persistent link: https://www.econbiz.de/10010523015
Persistent link: https://www.econbiz.de/10009355394
things: (1) that incomes per capita diverged more around the world after 1800 than before; (2) that the source of this …
Persistent link: https://www.econbiz.de/10012470120
Macroeconomists acknowledge the contribution of human capital to economic growth, but their empirical studies define human capital solely in terms of schooling. In this paper, we extend production function models of economic growth to account for two additional variables that microeconomists...
Persistent link: https://www.econbiz.de/10012470129
This paper uses a new database to establish two findings covering the first globalization boom before World War I, the … second since World War II, and the autarkic interlude in between. First, there is strong evidence supporting a Tariff …-Growth Paradox: protection was associated with fast growth before World War II, while it was associated with slow growth thereafter …
Persistent link: https://www.econbiz.de/10012470259
This paper brings together two strands of the economic literature -- that on the finance-growth nexus and that on capital market integration -- and explores key issues surrounding each strand through both institutional/country histories and formal quantitative analysis. We begin with studies of...
Persistent link: https://www.econbiz.de/10012470401