The Protestant Reformation is a vivid example of how religious transformation could set in motion institutional changes, leading to profound consequences for economic and political development. Although economists and other social scientists agree that there is a strong relation between the...

In the present paper an effort will be made to show empirically that disposable income has a positive impact on economic growth. Sample covers Western European countries and Japan for the period 1999-2007. Panel data are elaborated by means of Eviews software package