AN ANALYSIS OF THE CORRELATION BETWEEN SOCIAL RELIGION AND ECONOMICS DEVELOPMENT

Humera Omer Farooq, Dr. Saeed Ur Rahman, Hafsa Khan, Iqra Akram, Muhammad Qadeer Ashraf and Shahroz Riasat
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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

Bulletin of Business and Economics (BBE), 2023, vol. 12, issue 2, 253-259

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.

Keywords: social; eligion; economic development; employment rate (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:rfh:bbejor:v:12:y:2023:i:2:p:253-259

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