AN ANALYSIS OF THE CORRELATION BETWEEN SOCIAL RELIGION AND ECONOMICS DEVELOPMENT

Abstract

This research investigates the intricate relationship between social religion and economic development across 50 diverse countries over a five-year period. Through comprehensive quantitative analysis, we reveal significant correlations that shed light on the multifaceted dynamics at play. Notably, we find a robust positive correlation between religious adherence and GDP per capita, suggesting the potential economic benefits associated with religious participation. Additionally, our study uncovers a moderate negative correlation between religious diversity and income inequality, emphasizing the role of inclusivity and social cohesion in addressing economic disparities. Furthermore, a positive correlation between religiosity and employment rates underscores the intriguing influence of religious values on labor market dynamics. Geographical and temporal analyses uncover regional variations and evolving correlations, underscoring the importance of contextual nuances. While our findings offer valuable insights, it is essential to acknowledge the limitations of cross-sectional data and the need for further research to explore causal mechanisms. Overall, this study contributes to a deeper understanding of the complex interplay between social religion and economic development, providing a foundation for future investigations and policy considerations.