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Religion and economy: An empirical study

Sang‐Hoon Lee

Journal of Economic Research2020article
ABDC B
Weight
0.26

Abstract

This study analyzes the relationship between religions and economic development by using country-level panel data. This research contributes to the literature by examining the economic effect of religious denomination and the nonlinear relationship, and by using split sample regressions. The regression analysis shows that i) Islam has a negative effect on the level of GDP, but is positively related to GDP growth, although the regression results are not robust; ii) there exists an inverted U-shaped relationship between Protestantism and GDP level; and iii) the economic effects of religion are different across the levels of income. Overall, the regression analysis shows a substantial contrast between Western religions and non-Western religions. The empirical results suggest that the economic effect of religion depends on the peculiar characteristics of each religion and the mediating role of the level of economic development.

Cite this paper

@article{sang‐hoon2020,
  title        = {{Religion and economy: An empirical study}},
  author       = {Sang‐Hoon Lee},
  journal      = {Journal of Economic Research},
  year         = {2020},
}

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Religion and economy: An empirical study

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Evidence weight

0.26

Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40

F · citation impact0.00 × 0.4 = 0.00
M · momentum0.20 × 0.15 = 0.03
V · venue signal0.50 × 0.05 = 0.03
R · text relevance †0.50 × 0.4 = 0.20

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