Religion, Culture, and Economic Performance
50 Pages Posted: 26 Nov 2003
Date Written: September 2003
The hypothesis that the coefficients on variables of religious affiliation are jointly equal to zero can frequently be rejected at conventional levels of statistical significance (i.e., religion matters), but no robust relationship between adherence to major world religions and national economic performance is uncovered, using both cross-national and subnational data. The results with respect to Islam do not support the notion that it is inimical to growth. On the contrary, every statistically significant coefficient on Muslim population shares reported in this paper - in both cross-country and within-country statistical analyses - is positive. If anything, Islam promotes growth.
Keywords: Economic growth, convergence, religion, Islam, India, Malaysia, Ghana
JEL Classification: O40, Z12
Suggested Citation: Suggested Citation