Religion,liberty and economic development: An empirical investigation

The empirical investigations conducted for this paper show that one can not accept the null hypothesis that religion and liberty are not related to development. Judeo-Christianity in particular appears to an important determinant of economic development. This is explained in part by its fostering of the private ownership of property. Nations with the Judeo-Christian values are more likely to have political democracies that are conductive to economic development. Capitalist economies with Judeo-Christian democracy are more likely to have higher levels of economic development.