Religion in macroeconomics: a quantitative analysis of Weber’s thesis

@article{Cavalcanti2006ReligionIM,
  title={Religion in macroeconomics: a quantitative analysis of Weber’s thesis},
  author={Tiago Cavalcanti and Stephen L. Parente and Rui Zhao},
  journal={Economic Theory},
  year={2006},
  volume={32},
  pages={105-123}
}
Max Weber in 1905 claimed that Protestantism, and more specifically Calvinism, facilitated the rise of capitalism. This paper assesses the quantitative plausibility of his hypothesis by introducing religious beliefs into a dynamic general equilibrium model of development and growth. Through counterfactual exercises, the paper investigates whether differences between Catholics and Protestants most closely identified with the Protestant Work Ethic can account for long delays in the start of… Expand

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