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Recent theories of the Long Divergence between Middle Eastern and Western European economies focus on Middle Eastern (over-)reliance on religious legitimacy, use of slave soldiers, and persistence of restrictive proscriptions of religious (Islamic) law. These theories take as exogenous the...
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—together with standard growth models to frame the role of religion in economic growth. Unifying a growing literature, we argue that … religion can enhance or impinge upon economic growth through all four elements because it shapes individual preferences …, societal norms, and institutions. Religion affects physical capital accumulation by influencing thrift and financial …
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- together with standard growth models to frame the role of religion in economic growth. Unifying a growing literature, we argue … that religion can enhance or impinge upon economic growth through all four elements because it shapes individual … preferences, societal norms, and institutions. Religion affects physical capital accumulation by influencing thrift and financial …
Persistent link: https://www.econbiz.de/10014391202
-together with standard growth models to frame the role of religion in economic growth. Unifying a growing literature, we argue that … religion can enhance or impinge upon economic growth through all four elements because it shapes individual preferences …, societal norms, and institutions. Religion affects physical capital accumulation by influencing thrift and financial …
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