Conclusion
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.
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Glahe, F., Vorhies, F. Religion, liberty and economic development: An empirical investigation. Public Choice 62, 201–215 (1989). https://doi.org/10.1007/BF02337742
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DOI: https://doi.org/10.1007/BF02337742