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Religion and Economy

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  • Rachel M. McCleary
  • Robert J. Barro

Abstract

Religion has a two-way interaction with political economy. With religion viewed as a dependent variable, a central question is how economic development and political institutions affect religious participation and beliefs. With religion viewed as an independent variable, a key issue is how religiosity affects individual characteristics, such as work ethic, honesty, and thrift, and thereby influences economic performance. In this paper, we sketch previous studies of this two-way interaction but focus on our ongoing quantitative research with international data.

Suggested Citation

  • Rachel M. McCleary & Robert J. Barro, 2006. "Religion and Economy," Journal of Economic Perspectives, American Economic Association, vol. 20(2), pages 49-72, Spring.
    • Handle: RePEc:aea:jecper:v:20:y:2006:i:2:p:49-72
    Note: DOI: 10.1257/jep.20.2.49
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    File URL: http://www.aeaweb.org/articles.php?doi=10.1257/jep.20.2.49
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    References listed on IDEAS

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