Volume 8, No. 3, December 2009

 

Does Religion Distribution Matter in the Economic Growth of Latin America?

Jaime Ortiz
Division of International Programs and A. R. Sánchez Jr. School of Business, Texas A&M International University, U.S.A.
Abstract

This research empirically analyzes the relationship between religion distribution and economic performance for a number of Latin American countries. The econometric results using time-series cross-sectional data yield consistent yet relatively mild estimates. Religion as a conduit for modifying values, behaviors, and outcomes does influence aggregate rates of per-capita economic growth and total factor productivity ratios in the region. However, once broken down by religious beliefs, the Catholic religion plays by far the largest role, rendering other well-known religious affiliations less important.

Key words: religion; religious affiliations; growth; Latin America
JEL classification: F43; O47; O54

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