Contemporary economics has started taking religion into account as a in important determinant of economic development of a country. The increasing resilience of religion in both developed and developing countries, influencing globally both political will and
popular debate, has been observed by scholars investigating the economics of religion.3
Recent studies have investigated how religion affects growth 4 with emphasis on particular religious traditions such as Islam, Hinduism or Catholicism5 . Other studies have focused on the impact of religion on fertility6. Still others examine the impact of religion on political outcomes 7 and the role of religious organizations as insurance8.
Other studies examine how the causality may run the other way, from economic development to religion 9.
Recent academic interest linking religion and development has centred on the economics of religion. Studies in the economics of religion have focused on applying the tools of modern economic analysis to the analysis of religious institutions, faith-based welfare programmes and the economic regulation of the church10.
Three principal themes emerge from these research. First, identifying what determines religion and religiosity; second, examining how religion and religiosity may be described as social capital; and third, understanding the micro and macro consequences of religiosity.
Contemporary economics has started taking religion into account as a in important determinant of economic development of a country. The increasing resilience of religion in both developed and developing countries, influencing globally both political will andpopular debate, has been observed by scholars investigating the economics of religion.3Recent studies have investigated how religion affects growth 4 with emphasis on particular religious traditions such as Islam, Hinduism or Catholicism5 . Other studies have focused on the impact of religion on fertility6. Still others examine the impact of religion on political outcomes 7 and the role of religious organizations as insurance8.Other studies examine how the causality may run the other way, from economic development to religion 9.Recent academic interest linking religion and development has centred on the economics of religion. Studies in the economics of religion have focused on applying the tools of modern economic analysis to the analysis of religious institutions, faith-based welfare programmes and the economic regulation of the church10.Three principal themes emerge from these research. First, identifying what determines religion and religiosity; second, examining how religion and religiosity may be described as social capital; and third, understanding the micro and macro consequences of religiosity.
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