AN ANALYSIS OF THE CORRELATION BETWEEN SOCIAL RELIGION AND ECONOMICS DEVELOPMENT

Authors

  • HUMERA OMER FAROOQ Assistant Professor, College of Art & Design , University of the Punjab, Pakistan Author
  • DR. SAEED UR RAHMAN Visiting Lecturer, Department of Basic Science and Islamiat, University of Engineering and Technology Peshawar, Pakistan Author
  • HAFSA KHAN Department of Economics and Finance, International Islamic University Islamabad Author
  • IQRA AKRAM Clinical Psychologist, Department of Psychiatry, Sughra Shafi Medical Complex, Narowal Author
  • MUHAMMAD QADEER ASHRAF Institute of Agricultural and Resource Economic, University of Agriculture Faisalabad Author
  • SHAHROZ RIASAT Institute of Agricultural and Resource Economic, University of agriculture Faisalabad Author

Keywords:

social, eligion, economic development,, employment rate

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.

Downloads

Published

2023-08-31

Issue

Section

Articles

How to Cite

FAROOQ, H. O. ., RAHMAN, D. S. U., KHAN, H. ., AKRAM, I. ., ASHRAF, M. Q. ., & RIASAT, S. . (2023). AN ANALYSIS OF THE CORRELATION BETWEEN SOCIAL RELIGION AND ECONOMICS DEVELOPMENT. Bulletin of Business and Economics (BBE), 12(2), 253-259. https://bbejournal.com/BBE/article/view/479

Similar Articles

1-10 of 408

You may also start an advanced similarity search for this article.