What influence did economic growth had on religious reformation movement ?
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Their careful econometric analysis showed that Protestants had significantly higher incomes than Catholics, and that the difference was mainly due to the Reformation. However, unlike Weber, their preferred explanation was that “Protestantism led to substantially higher literacy, which in turn led to economic progress.
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Explanation:
➡️While Protestant reformers aimed to elevate the role of religion, we find that the Reformation produced rapid economic secularization.
The interaction between religious competition and political economy explains the shift in investments in human and fixed capital away from the religious sector.
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