Stop Suffering! Economic Downturns and Pentecostal Upsurge

Author:

Costa Francisco1,Marcantonio Angelo2,Rocha Rudi2

Affiliation:

1. University of Delaware , USA and FGV EPGE, Brazil

2. São Paulo School of Business Administration , Getulio Vargas Foundation—FGV EAESP, Brazil

Abstract

Abstract This paper estimates the effects of economic downturns on the expansion of Pentecostal Evangelicalism in Brazil. Regions more exposed to economic distress experienced a persistent rise both in Pentecostal affiliation and in the vote share of candidates connected to Pentecostal churches in national legislative elections. Once elected, these politicians carry out an agenda with greater emphasis on issues that are sensitive to fundamental religious principles. We, therefore, find that recessions led to the rise of religious fundamentalism in tandem with the transfer of political capital to elected Pentecostal leaders.

Funder

McGill University

University of Ottawa

University of Chile

Columbia University

CAPES

Publisher

Oxford University Press (OUP)

Subject

General Economics, Econometrics and Finance

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