This paper examines the relationship between religion and home bias. We propose a simple theoretical framework that suggests that countries interacting via their representative individuals might show a certain degree of religion-driven international altruism that in turn affects trade. We test...

For centuries, Jews in Europe have specialized in financial services. At the same time, they have been the victims of historical antisemitism on the part of the Christian majority. We find that present-day financial development is lower in German counties where historical antisemitism was...

For centuries, Jews in Europe have specialized in financial services. At the same time, they have been the victims of historical antisemitism on the part of the Christian majority. We find that present-day financial development is lower in German counties where historical antisemitism was...

India has a combination of religious, caste and linguistic heterogeneity incomparable to any country in the world. This paper reviews the literature of how these various phenomena have interacted with the Indian economy. Results are disheartening. India has an entrenched caste system that...

Objective – Islam regulate distribution also redistribution of wealth, and how this concept break away the inefficiency of economic activity. The concept of redistribution has always been a debate in every microeconomics discussion in various areas, such as its mechanism, its implementation...

We study the role of morality in debt repayment, using an experiment with the credit card customers of a large Islamic bank in Indonesia. In our main treatment, clients receive a text message stating that “non-repayment of debts by someone who is able to repay is an injustice." This moral...

Religious and cultural practices have major implications for a Country's economic performance. However, it is not clear if the institutionalization of these social norms within a country's legal system causes material economic effects. In this study I show this to be the case. By employing the...

This paper reviews recent economics literature on culture, with an emphasis on its relation to the field of long-run growth and development. It examines the key issues debated in the new cultural economics: causal effects of culture on economic outcomes, the origins and social costs of culture,...

During these times, the resilience of humankind is put to the test by the ravages of COVID-19. Besides the virus, endemic corruption becomes pandemic since some individuals seek unethical gains and peril others' lives, engaging in corrupt, fraudulent behaviors. The East European countries have...

The transfer of public resources to the private sector through public procurement procedures opens an unprecedented opportunity for corruption and bribery. Moreover, the complex structure of the health sector leaves the sector more vulnerable to corruption and bribery than other sectors. Along...