Economic growth and social cohesion: Evidence from the organization of Islamic Conference Countries
Concept & measurement
This study contributes in the literature by investigating the impact of social cohesion on economic growth using a panel data of 44 OIC countries over the period 1986–2010. The study has employed a comprehensive measure of social cohesion that covers a large number of social indicators such as inequality, trust, terrorism, and social conflicts. Our study finds out that the growth effect of social cohesion is positive and significant in the Muslim world. Finding of the study are shown to be robust to different control variables, different specifications, econometric techniques and outliers.