Browsing by Author "Moro, Sarah Adelaine A."

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    Classiffied ad (herent)s: a cross country anaylsis on the effect of religion on economic growth
    (2006-04) Hilario, Maria Desiree D.; Moro, Sarah Adelaine A.; Quimbo, Stella
    This paper determines the influence of religion type in on economic growth in 135 countries using data from 2002 to 2003. The framework used is Solow's Neoclassical Growth Model, which considers technology as the main driver in converting key factor inputs such as labor and capital onto achieving economic growth. To determine if the key hypothesis is true, that religion has transformative powers similar to that of technology, empirical test was employed that result in conclusive remarks on the significance of the relationship of religion, specifically Islam and technology. Empirical evidence from the model insinuates consistency with regards in the results from the test for correlation for religion and technology. Islam exhibited the significant but negative effect on technology and naturally, the same effect with economic growth. Over all, the key findings show that religion has the same significant role as technology in forming the economy.