Investigating the Effects of Incorporating Morality into the Growth Model (Theoretical-Mathematical Analysis)

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ARABI SEYED HADI; Zangi Nezhad Ayatollah

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Journal: Ma`rifat-e Eghtesad-e Islami Year:2020 | Volume:11 | Issue:1 (21) Page(s): 5-22

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Title

Investigating the Effects of Incorporating Morality into the Growth Model (Theoretical-Mathematical Analysis)

Author(s)

ARABI SEYED HADI | Zangi Nezhad Ayatollah | Issue Writer Certificate

Keywords

MoralityQ2

Islamic moralityQ2

economic growth modelsQ2

social capitalQ2

Abstract

One of the new topics in development ecoMorality, Islamic Morality, economic growth models, social capitalnomics literature is the study of the relationship between Morality and economic growth. In this paper we examine the relationship between Morality, especially revelation Morality and growth models by using a descriptive-analytic method and mathematical tools. There are questions in this regard such as whether there is a link between Morality and the model of economic growth. How and by which variables do these relationships occur? And finally, what are the implications of Morality for the growth model? According to the research findings, ethical norms, especially revelation moral norms have a strong relationship with economic growth. Incorporating ethics into the model affects economic growth in two ways: a. revelation ethical norms increase the productivity of production inputs and strengthen Islamic social capital; b. revelation ethical norms can affect consumer behavior and lead to savings, increased willingness to save and accumulate capital and, of course, prevent waste of resources. Accordingly, the divine moral increases both the level of growth and the growth rate.

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APA: Copy

ARABI, SEYED HADI, & Zangi Nezhad, Ayatollah. (2020). Investigating the Effects of Incorporating Morality into the Growth Model (Theoretical-Mathematical Analysis). MARIFAT E EGHTESADI E ISLAMI, 11(1 (21) ), 5-22. SID. https://sid.ir/paper/359973/en

Vancouver: Copy

ARABI SEYED HADI, Zangi Nezhad Ayatollah. Investigating the Effects of Incorporating Morality into the Growth Model (Theoretical-Mathematical Analysis). MARIFAT E EGHTESADI E ISLAMI[Internet]. 2020;11(1 (21) ):5-22. Available from: https://sid.ir/paper/359973/en

IEEE: Copy

SEYED HADI ARABI, and Ayatollah Zangi Nezhad, “Investigating the Effects of Incorporating Morality into the Growth Model (Theoretical-Mathematical Analysis),” MARIFAT E EGHTESADI E ISLAMI, vol. 11, no. 1 (21) , pp. 5–22, 2020, [Online]. Available: https://sid.ir/paper/359973/en

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