“This could be because religion imposes opportunity costs in terms of time and resources that may otherwise have been devoted toward productive entrepreneurship,” they write. “For example, time spent in church reduces time available for engaging in business activity. More subjectively, religion may create psychic costs to pursuing worldly gains rather than salvation in the beyond.”
A new study has found an inverse relationship between the religiosity of a state’s population and its “productive entrepreneurship.” That’s professor-speak for “entrepreneurial investment responsible for real economic growth.”
In other words, the less religious a state’s population, the more likely it is to have a healthy economy.
The study, titled “Religion: Productive or Unproductive?” by economists Travis Wiseman of Mississippi State University and Andrew Young of West Virginia University, was published in the March edition of the Journal of Institutional Economics.
In the study, Wiseman and Young find that the “measure of total Christian adherents is robustly and positively correlated with states’ unproductive entrepreneurship scores” in a given state.
“This could be because religion imposes opportunity costs in terms of time and resources that may otherwise have been devoted toward productive entrepreneurship,” they write. “For example, time spent in church reduces time available for engaging in business activity. More subjectively, religion may create psychic costs to pursuing worldly gains rather than salvation in the beyond.”
Subscribe to Free “Top 10 Stories” Email
Get the top 10 stories from The Aquila Report in your inbox every Tuesday morning.