A Study of Moral Indicators in Economic Development: A Case in the US in 1960 – 2007  

Oleh:

Noor, Iswan ; Fazaalloh, Al Muizzuddin

Jenis: Article from Proceeding
Dalam koleksi: SIBR-Thammasat 2014 Conference on Interdisciplinary Business & Economics Research June 5th- 7th, 2014 di Emerald Hotel Bangkok, page 1-20.
Topik: morality; economic growth; economic development
Fulltext: b14-152.pdf (201.2KB)

Isi artikel

Economic development in some countries has brought positive influences on economic prosperity to the best part of society. Therefore, economic growth becomes the main target as the prominent instrument to reach objectives, one of which is the wealth of a nation. There are many determinants that influence the variable of economic growth. This study finds out, however, that morality is one of the factors determining economic growth. Meanwhile, the impact of economic development is mostly viewed only from the positive perspective, such as the prosperity of human physical well-being. Only a few people look at its negative impacts, such as, the morality or moral condition in a country. By adhering to the existence of the aforementioned gap, this research aims to answer one problem: does the moral condition in a certain country (proxies by indicators such as crime rate, murder rate, abortion rate, rate of AIDS/HIV, divorce rate, etc.) have effects on the growth in the process of economic development? The objective of this study is hence to observe whether the moral condition in a certain country (like other elements of human capital such as education, skills, health and religion) influences the growth in economic development. This study is held by using a case study from the United States of America in the period of 1960 to 2007. The United States is chosen because of several technical considerations and the availability of data for the model that is used in this study. The research design in this study is quantitative approach with econometric analysis using panel data method from 51 states of the US in the period of 1960 to 2007. The results of the study show that almost all of 16 moral indicators in the model of this study significantly influence economic growth. It can be concluded then that morality can be considered as one of the determinants of economic growth. The moral condition of certain country is most likely related to the current economic development.

Opini Anda

Klik untuk menuliskan opini Anda tentang koleksi ini!

Kembali