Religion and growth
We use the elements of a macroeconomic production function - physical capital, human capital, labor, and technology - 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 grow...
| Authors: | ; ; |
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| Format: | Electronic Book |
| Language: | English |
| Check availability: | HBZ Gateway |
| Fernleihe: | Fernleihe für die Fachinformationsdienste |
| Published: |
Bonn, Germany
IZA- Institute of Labor Economics
October 2023
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| In: |
Discussion paper series (no. 16494)
Year: 2023 |
| Series/Journal: | Discussion paper series / IZA
no. 16494 |
| Further subjects: | B
preferences
B Demography B Growth B Religion B Norms B Christianity B Capital B Plant populations B Labor B Grey literature B Institutions B Technological Change B saving B Islam B Political Economy B Education B Fertility B Rituals B Conflict B financial development B Judaism B Human Capital B total factor productivity |
| Online Access: |
Volltext (kostenfrei) Volltext (kostenfrei) Volltext (kostenfrei) |
| Summary: | We use the elements of a macroeconomic production function - physical capital, human capital, labor, and technology - 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 development. It affects human capital through both religious and secular education. It affects population and labor by influencing work effort, fertility, and the demographic transition. And it affects total factor productivity by constraining or unleashing technological change and through rituals, legal institutions, political economy, and conflict. Synthesizing a disjoint literature in this way opens many interesting directions for future research. |
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| Persistent identifiers: | HDL: 10419/282621 |