We see that there is indeed a causal relationship between Religion and economic growth. While Barro and McCleary have established one way causation, more research needs to be done to investigate the other way round. We also find Grier establishing Weber’s theory on Protestantism. While the linkage between the two is clear, the mechanism through which one affects other may not yet be clear. Further research in this field can give us more robust results. But at the same time we can say, as shown by Barro and McCleary, that a state’s religiosity has important influences on its economic performance.
With time, increasing interest in this field has been observed. Researchers are working to explore the effects of religion on other aspects of development too, like fertility, politics, rule of law, health etc. The effect of various religions and their practices account for an interesting fact as to why certain regions/countries are more developed than others. As Weber pointed out, it was the culture (Hinduism, Islam) prevailing in South Asia that impeded growth and development of the region.(Which was later criticized by Morris)
To conclude, in this paper I have positively answered as to whether Economic growth and Religion are linked. With the help of Barro and McCleary’s paper I have shown that there’s indeed a causal relationship between the two. And in the Gujarat case study we see a rather contradictory picture in terms of economic growth, but as far as welfare is concerned , the effects of the riots are unambiguous, if we consider the plight of the minority community, which was the target of religious fundamentalism.
We see that there is indeed a causal relationship between Religion and economic growth. While Barro and McCleary have established one way causation, more research needs to be done to investigate the other way round. We also find Grier establishing Weber’s theory on Protestantism. While the linkage between the two is clear, the mechanism through which one affects other may not yet be clear. Further research in this field can give us more robust results. But at the same time we can say, as shown by Barro and McCleary, that a state’s religiosity has important influences on its economic performance.With time, increasing interest in this field has been observed. Researchers are working to explore the effects of religion on other aspects of development too, like fertility, politics, rule of law, health etc. The effect of various religions and their practices account for an interesting fact as to why certain regions/countries are more developed than others. As Weber pointed out, it was the culture (Hinduism, Islam) prevailing in South Asia that impeded growth and development of the region.(Which was later criticized by Morris)To conclude, in this paper I have positively answered as to whether Economic growth and Religion are linked. With the help of Barro and McCleary’s paper I have shown that there’s indeed a causal relationship between the two. And in the Gujarat case study we see a rather contradictory picture in terms of economic growth, but as far as welfare is concerned , the effects of the riots are unambiguous, if we consider the plight of the minority community, which was the target of religious fundamentalism.
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