The Economic Impact Of Islam On Developing Countries
Document Type
Article
Publication Date
11-1-2007
Published In
World Development
Abstract
This essay focuses on two questions: How do the current economic systems and institutions of Muslim countries differ from those of other countries at the same stage of economic development? What is the impact of Islam on the economic and social performance of these countries? Employing a cluster analysis I find that there is no special Muslim economic system; moreover, few economic institutions are uniquely Muslim. Using a regression analysis I also find that the presence of Islam has relatively little influence on most economic or social performance indicators. In the analysis of Muslim economies, religion does not appear to be a useful explanatory variable. (c) 2007 Elsevier Ltd. All rights reserved.
Recommended Citation
Frederic L. Pryor.
(2007).
"The Economic Impact Of Islam On Developing Countries".
World Development.
Volume 35,
Issue 11.
1815-1835.
DOI: 10.1016/j.worlddev.2006.12.004
https://works.swarthmore.edu/fac-economics/229