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    The effects of the intensity of religious practices and beliefs on economic growth among catholic countries
    (2010-03) Aguilar, Janice H.; Carandang, Nina Herschelica I.; Desierto, Desiree
    There have been several empirical researches on the effects of Religion on the Economy. This paper investigates the effects of the intensity of Religious practices and beliefs on Economic Growth of Catholic countries. It further investigates the effects of religious diversity on economic growth as well as on the intensity of religiosity among Catholic countries. Catholic countries are defined to be those in which the Catholic religion has the highest percentage in terms of denomination. We derived a cross-country data set from the panel data set of Barro and McCleary which they used in their empirical research, "Religion and Economic Growth". The data set includes survey questions on Catholic religious beliefs and practices. Using the data on Herfindahl index, we derived the Pluralism index as one minus Herfindahl index as suggested by Barro and McCleary (2003). We conclude that, the intensity of religious practices and beliefs among Catholic countries have a positive effect on economic growth. This verified that the findings of Barro and McCleary still hold for Catholic countries as we defined. We also found out that the diversity of religion has a negative impact on economic growth of Catholic countries and that the economic theory for religious market as described by Iannaccone (1991) does not explain the intensity of Catholic beliefs and practices.
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    Religiosity and happiness: evidences from the Philippines
    (2010-10-08) Columna, Clariza Mae A.; Elpedes, Reinalyn A.
    This paper shows the effects of religion and religiosity and other demographic factors on the level of happiness of Filipinos. It also aims to determine the role religion plays or contributes in the lives of the Filipinos and its role in magnifying or dampening happiness. Religion in the Philippines holds a central place in the life of the majority of Filipinos. Interestingly, despite all the economic, political, cultural and social changes that this country has experienced, religion has survived unlike other social institution. Religion must have created social benefits which generate utility or happiness for Filipinos to pursue it. This study is a cross-sectional study of the nationwide survey by SWS during the second quarter of 2004 to determine whether religiosity makes people happier, while controlling for socio-demographic and economic factors like education, health and family matters. The main conclusion shows that there seems to be a positive linear relationship between religiosity and happiness. Our findings also reflect that higher income might also lead to higher happiness. In addition, Filipino Muslims seem to be less happy and Filipinos in Visayas are relatively happier than the rest.