IDEAS home Printed from https://ideas.repec.org/a/rfh/bbejor/v12y2023i2p253-259.html
   My bibliography  Save this article

An Analysis Of The Correlation Between Social Religion And Economics Development

Author

Listed:
  • HUMERA OMER FAROOQ

    (Assistant Professor, College of Art & Design , University of the Punjab, PakistanAssistant Professor, College of Art & Design , University of the Punjab, Pakistan)

  • DR. SAEED UR RAHMAN

    (Visiting Lecturer, Department of Basic Science and Islamiat, University of Engineering and Technology Peshawar, Pakistan)

  • HAFSA KHAN

    (Department of Economics and Finance, International Islamic University Islamabad)

  • IQRA AKRAM

    (Clinical Psychologist, Department of Psychiatry, Sughra Shafi Medical Complex, Narowal)

  • MUHAMMAD QADEER ASHRAF

    (Institute of Agricultural and Resource Economic, University of Agriculture Faisalabad)

  • SHAHROZ RIASAT

    (Institute of Agricultural and Resource Economic, University of agriculture Faisalabad)

Abstract

This research investigates the intricate relationship between social religion and economic development across 50 diverse countries over a five-year period. Through comprehensive quantitative analysis we reveal significant correlations that shed light on the multifaceted dynamics at play. Notably we find a robust positive correlation between religious adherence and GDP per capita suggesting the potential economic benefits associated with religious participation. Additionally our study uncovers a moderate negative correlation between religious diversity and income inequality emphasizing the role of inclusivity and social cohesion in addressing economic disparities. Furthermore a positive correlation between religiosity and employment rates underscores the intriguing influence of religious values on labor market dynamics. Geographical and temporal analyses uncover regional variations and evolving correlations, underscoring the importance of contextual nuances. While our findings offer valuable insights it is essential to acknowledge the limitations of cross-sectional data and the need for further research to explore causal mechanisms. Overall this study contributes to a deeper understanding of the complex interplay between social religion and economic development providing a foundation for future investigations and policy considerations.

Suggested Citation

  • Humera Omer Farooq & Dr. Saeed Ur Rahman & Hafsa Khan & Iqra Akram & Muhammad Qadeer Ashraf & Shahroz Riasat, 2023. "An Analysis Of The Correlation Between Social Religion And Economics Development," Bulletin of Business and Economics (BBE), Research Foundation for Humanity (RFH), vol. 12(2), pages 253-259.
    • Handle: RePEc:rfh:bbejor:v:12:y:2023:i:2:p:253-259
    DOI: https://zenodo.org/records/8375253
    as

    Download full text from publisher

    File URL: https://bbejournal.com/BBE/article/view/479/36
    Download Restriction: no
    File URL: https://bbejournal.com/BBE/article/view/479
    Download Restriction: no
    File URL: https://libkey.io/https://zenodo.org/records/8375253?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Pippa Norris & Ronald Inglehart, 2009. "Max Weber and the Protestant Work Ethic," Chapters, in: Jan Peil & Irene van Staveren (ed.), Handbook of Economics and Ethics, chapter 75, Edward Elgar Publishing.
    2. Humera Omer Farooq & Dr. Saeed Ur Rahman & Hafsa Khan & Iqra Akram & Muhammad Qadeer Ashraf & Shahroz Riasat, 2023. "An Analysis Of The Correlation Between Social Religion And Economics Development," Bulletin of Business and Economics (BBE), Research Foundation for Humanity (RFH), vol. 12(2), pages 253-259.
    3. Jiawen Ding & Javier Salinas-Jiménez & Maria del Mar Salinas-Jiménez, 2021. "The Impact of Income Inequality on Subjective Well-Being: The Case of China," Journal of Happiness Studies, Springer, vol. 22(2), pages 845-866, February.
    4. Unbreen Qayyum & Sohail Anjum & Samina Sabir, 2020. "Religion and economic development: new insights," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 47(4), pages 793-834, November.
    5. Assad Ullah & Xinshun Zhao & Muhammad Abdul Kamal & Adeel Riaz & Bowen Zheng, 2021. "Exploring asymmetric relationship between Islamic banking development and economic growth in Pakistan: Fresh evidence from a non‐linear ARDL approach," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 26(4), pages 6168-6187, October.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Humera Omer Farooq & Dr. Saeed Ur Rahman & Hafsa Khan & Iqra Akram & Muhammad Qadeer Ashraf & Shahroz Riasat, 2023. "An Analysis Of The Correlation Between Social Religion And Economics Development," Bulletin of Business and Economics (BBE), Research Foundation for Humanity (RFH), vol. 12(2), pages 253-259.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Javier Barbero & Ernesto Rodríguez-Crespo, 2022. "Technological, institutional, and geographical peripheries: regional development and risk of poverty in the European regions," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 69(2), pages 311-332, October.
    2. Sudeshna Ghosh & Buhari Doğan & Muhlis Can & Muhammad Ibrahim Shah & Nicholas Apergis, 2023. "Does economic structure matter for income inequality?," Quality & Quantity: International Journal of Methodology, Springer, vol. 57(3), pages 2507-2527, June.
    3. Ma, Wanglin & Vatsa, Puneet & Zheng, Hongyun, 2022. "Cooking fuel choices and subjective well-being in rural China: Implications for a complete energy transition," Energy Policy, Elsevier, vol. 165(C).
    4. Ary José A. Souza-Jr., 2022. "Subjective well-being and climate change: Evidence for Portugal," Working Papers REM 2022/0213, ISEG - Lisbon School of Economics and Management, REM, Universidade de Lisboa.
    5. Julio E. Sandubete & León Beleña & Juan Carlos García-Villalobos, 2023. "Testing the Efficient Market Hypothesis and the Model-Data Paradox of Chaos on Top Currencies from the Foreign Exchange Market (FOREX)," Mathematics, MDPI, vol. 11(2), pages 1-29, January.
    6. Peihua Deng & Ronnie Schöb, 2022. "Group-Specific Redistribution, Inequality, and Subjective Well-Being in China," CESifo Working Paper Series 9847, CESifo.
    7. Long Yang & Haiyang Lu & Meng Li, 2023. "Multidimensional Inequality and Subjective Well-Being in China: A Generalized Ordered Logit Model Analysis," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 165(3), pages 1021-1052, February.
    8. Arjen Schepen & Martijn J. Burger, 2022. "Professional Financial Advice and Subjective Well-Being," Applied Research in Quality of Life, Springer;International Society for Quality-of-Life Studies, vol. 17(5), pages 2967-3004, October.
    9. Biswajit Banerjee & Peter Toth, 2023. "Life Satisfaction and Inequality in Slovakia: The Role of Income, Consumption and Wealth," Working Papers 106, Ashoka University, Department of Economics.
    10. Koleayo Omoyajowo & Mela Danjin & Kolawole Omoyajowo & Oluwaseun Odipe & Benjamin Mwadi & Andreas May & Amos Ogunyebi & Mohamed Rabie, 2024. "Exploring the interplay of environmental conservation within spirituality and multicultural perspective: insights from a cross-sectional study," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 26(7), pages 16957-16985, July.
    11. Wanglin Ma & Puneet Vatsa & Hongyun Zheng & Emmanuel Donkor & Victor Owusu, 2023. "Does Adoption of Information and Communication Technology Reduce Objective and Subjective Well-Being Inequality? Evidence from China," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 169(1), pages 55-77, September.
    12. Ibrahim, Ridwan Lanre & Al-mulali, Usama & Ozturk, Ilhan & Bello, Ajide Kazeem & Raimi, Lukman, 2022. "On the criticality of renewable energy to sustainable development: Do green financial development, technological innovation, and economic complexity matter for China?," Renewable Energy, Elsevier, vol. 199(C), pages 262-277.
    13. Wulai Jijue & Junlan Xiang & Xin Yi & Xiaowen Dai & Chenming Tang & Yuying Liu, 2024. "Market Participation and Farmers’ Adoption of Green Control Techniques: Evidence from China," Agriculture, MDPI, vol. 14(7), pages 1-21, July.
    14. Faris Alshubiri & Mawih Kareem Ani, 2023. "Financing and returns of Shari’ah-compliant contracts and sustainable investing in the Islamic banking of Oman," Economic Change and Restructuring, Springer, vol. 56(4), pages 2455-2491, August.
    15. Yi-Bin Chiu & Zhen Wang & Xu Ye, 2023. "Household gift-giving consumption and subjective well-being: evidence from rural China," Review of Economics of the Household, Springer, vol. 21(4), pages 1453-1472, December.
    16. Li, Junpeng & Ma, Wanglin & Gong, Binlei, 2023. "Market participation and subjective well-being of maize farmers," Economic Analysis and Policy, Elsevier, vol. 80(C), pages 941-960.
    17. Baoxi Li & De Xiao, 2021. "The Impact of Income Inequality on Subjective Environmental Pollution: Individual Evidence from China," IJERPH, MDPI, vol. 18(15), pages 1-26, July.
    18. Bin Li & Sijun Wang & Xinyue Cui & Zhen Tang, 2022. "Roles of Indulgence versus Restraint Culture and Ability to Savor the Moment in the Link between Income and Subjective Well-Being," IJERPH, MDPI, vol. 19(12), pages 1-23, June.
    19. Conroy, Tessa & Deller, Steven, 2021. "Spatial Patterns in the Relationship Between Religion and Economic Growth," Journal of Regional Analysis and Policy, Mid-Continent Regional Science Association, vol. 51(2), April.
    20. Marie Lechler & Uwe Sunde, 2020. "Aging, Proximity to Death, and Religiosity," Population and Development Review, The Population Council, Inc., vol. 46(4), pages 735-755, December.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:rfh:bbejor:v:12:y:2023:i:2:p:253-259. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Dr. Muhammad Irfan Chani (email available below). General contact details of provider: https://edirc.repec.org/data/rffhlpk.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.