International Journal of Business and Economics 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.

Keywords：religion, religious affiliations, growth, Latin America.

JEL Classifications：F43, O47, O54.

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