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Amin, Saqib

Diversity–development nexus: Why determine economic development without diversity? A comparative analysis between developed and developing countries

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  • Medientyp: E-Artikel
  • Titel: Diversity–development nexus: Why determine economic development without diversity? A comparative analysis between developed and developing countries
  • Beteiligte: Amin, Saqib
  • Erschienen: Emerald, 2021
  • Erschienen in: Society and Business Review, 16 (2021) 1, Seite 134-150
  • Sprache: Englisch
  • DOI: 10.1108/sbr-01-2020-0007
  • ISSN: 1746-5680
  • Schlagwörter: Organizational Behavior and Human Resource Management ; Strategy and Management ; Business, Management and Accounting (miscellaneous) ; Business and International Management
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  • Beschreibung: PurposeDiversity plays a vital role in the sustainable development of any country. Discrimination, segregation and bigotry are rampant causes of social evil and do great harm to our society. This study aims to investigate whether ethnic and religious diversity affects the country’s well-being or not, via a comparative analysis between developing and developed countries.Design/methodology/approachThis study used a generalized method of moments technique for empirical analysis of 158 developing and developed countries. For measurement of ethnic and religious diversity, this study used ethnic fractionalization index of Alesina (2003).FindingsThe empirical findings indicate that ethnic and religious diversity both increases the economic prosperity for developed countries, and alternatively, it makes it more miserable for developing countries. This study suggests that organizing a diverse society is a difficult task; thus, developing countries need to promote a cohesive society like developed countries by providing equal, secure and peaceful opportunity to get fruitful results of diverse populations.Originality/valueThis study investigates a comparative analysis between developing and developed countries regarding impact of ethnic and religious diversity on economic development.