This paper explores the role of complementarities and coordination failure in economic growth. We analyze the evolution composed of a countable set of infinitely-lived heterogenous industries. Individual industries exhibit nonconvexities in production and are linked across time through localized...

Do variations in the degree of religiosity across countries translate into predictable differences in cross-country growth experiences? We apply a model averaging procedure to investigate the empirical robustness of linkages between religiosity and growth when other fundamental growth...

Barro and McCleary (2003) is a key research contribution in the new literature exploring the macroeconomic effects of religious beliefs. This paper represents an effort to evaluate the strength of their claims. We evaluate their results in terms of replicability and robustness. While we find...