2016
DOI: 10.1080/00346764.2016.1195640
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Income and religion: a heterogeneous panel data analysis

Abstract: A recent empirical literature has addressed the relationship between income and religion, but most of the studies are based on microdata. Macroeconomic analysis of the issue has largely ignored the potential heterogeneity between countries. Using retrospective data on church attendance rates for a panel of countries between 1925 and 1990, we apply heterogeneous panel data estimators and reveal that the effect of participation in religious activities on income per capita is mostly non-significant. This is consi… Show more

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Cited by 6 publications
(4 citation statements)
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References 46 publications
(51 reference statements)
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“…According to the structure of matrix values (Table 2), hypothesis considering the relationship between religion and income is not confirmed. Sequeira, Viegas, and Ferreira-Lopes (2017), using retrospective data on church attendance rates for different countries between 1925 and 1990, also reveal that the effect of participation in religious activities on income per capita is mostly non-significant.…”
Section: Smentioning
confidence: 93%
“…According to the structure of matrix values (Table 2), hypothesis considering the relationship between religion and income is not confirmed. Sequeira, Viegas, and Ferreira-Lopes (2017), using retrospective data on church attendance rates for different countries between 1925 and 1990, also reveal that the effect of participation in religious activities on income per capita is mostly non-significant.…”
Section: Smentioning
confidence: 93%
“…1 Given the inconsistency in existing research, the current study attempts to examine the claim that religion can foster development of new (financial) markets and services, and increase the importance of financial intermediaries, especially in low-and middle-income countries. That the effect of participation in religious services on income levels was not significant (Sequeira et al, 2017) may be explained by the decreasing effect of religion on financial development in high-income countries. Barro and McCleary (2003) identified a negative effect of church attendance and a positive effect of belief in hell and heaven on economic growth.…”
Section: Literature Reviewmentioning
confidence: 91%
“…Meat consumption is limited or forbidden in several religions and cultures globally. However, econometric evidence shows that both across [8] within-country [9], religion has no statistical relationship with income.…”
Section: Drivers Of Meat Consumptionmentioning
confidence: 97%