In medieval times, most people identified with religious values and aggregate income and productivity grew at glacier … speed. In the 20th century, religion played a much lesser role in daily life and income and productivity grew at high and … worldly pleasures and aggregate productivity takes off. An extension of the basic model investigates the Protestant …

church attendance and total factor productivity (TFP) with predictive causality running from declining church attendance to … increasing factor productivity. According to our preferred estimate, about 18% of the increase in TFP from 1950 to 1990 is caused …&D productivity is positively influenced by a reflectiveanalytical cognitive style, we find that secularization leads to an increasing …

Great Divergence, the failure of less developed countries to attract capital from abroad, and a productivity slowdown in … ; endogenous growth ; knowledge diffusion ; productivity slowdown ; convergence ; divergence …

Conventional R&D-based growth theory argues that productivity growth is driven by population growth but the data … suggest that the erstwhile positive correlation between population and productivity turned negative during the 20th century … explains why in modern economies high growth of productivity and income is associated with low or negative population growth …

Great Divergence, the failure of less developed countries to attract capital from abroad, and a productivity slowdown in … ; Endogenous Growth ; Knowledge Diffusion ; Productivity Slowdown ; Convergence ; Divergence …