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

- 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 …

-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 …

total factor productivity (TFP) is endogenous and depends on the resource allocation. The model uncovers a novel tradeoff …