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Religion and growth
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Becker, Sascha O., Rubin, Jared and Woessmann, Ludger (2024) Religion and growth. Journal of Economic Literature . ISSN 0022-0515. (In Press)
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Official URL: https://www.aeaweb.org/articles?id=10.1257/jel.202...
Abstract
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.
Item Type: | Journal Article | ||||||||
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Subjects: | B Philosophy. Psychology. Religion > BL Religion H Social Sciences > HB Economic Theory H Social Sciences > HD Industries. Land use. Labor |
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Divisions: | Faculty of Social Sciences > Economics | ||||||||
Library of Congress Subject Headings (LCSH): | Religion -- Economic aspects, Religion and state, Endogenous growth (Economics), Economic development -- Religious aspects | ||||||||
Journal or Publication Title: | Journal of Economic Literature | ||||||||
Publisher: | American Economic Association | ||||||||
ISSN: | 0022-0515 | ||||||||
Official Date: | 2024 | ||||||||
Dates: |
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Status: | Peer Reviewed | ||||||||
Publication Status: | In Press | ||||||||
Re-use Statement: | "Copyright © 1998, 1999, 2000, 2001, 2002, 2003, 2004, 2005, 2006, 2007, 2008, 2009, 2010, 2011, 2012, 2013, 2014, 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022, 2023 by the American Economic Association. Permission to make digital or hard copies of part or all of American Economic Association publications for personal or classroom use is granted without fee provided that copies are not distributed for profit or direct commercial advantage and that copies show this notice on the first page or initial screen of a display along with the full citation, including the name of the author. Copyrights for components of this work owned by others than AEA must be honored. Abstracting with credit is permitted. The author has the right to republish, post on servers, redistribute to lists and use any component of this work in other works. For others to do so requires prior specific permission and/or a fee. Permissions may be requested from the American Economic Association Administrative Office by going to the Contact Us form and choosing Copyright/Permissions Request from the menu." | ||||||||
Access rights to Published version: | Restricted or Subscription Access | ||||||||
Copyright Holders: | Copyright 2023. American Economic Association. All rights reserved | ||||||||
Date of first compliant deposit: | 20 December 2023 | ||||||||
Date of first compliant Open Access: | 22 December 2023 | ||||||||
RIOXX Funder/Project Grant: |
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