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Abstract

This paper utilizes a simple production function model to assess the relative importance of national flags and national flag colors on the well-being of 93 nations in 2007. It finds that the existence of national flags affects well-being positively. Well-being is inelastic with respect to national flag colors. In other words, it is far more important to well-being to have a national flag than whether the flag is a certain color combination. There is considerable regional variation, but the effects of national flags on well-being are invariant with respect to region.

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File URL: http://mpra.ub.uni-muenchen.de/11304/
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Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 11304.

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Date of creation: 29 Oct 2008
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Handle: RePEc:pra:mprapa:11304

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Web page: http://mpra.ub.uni-muenchen.de
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Related research

Keywords: National well-being; human development index (HDI); national flags; national flag colors;

Find related papers by JEL classification:

• C51 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Construction and Estimation
• O11 - Economic Development, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
• D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
• O15 - Economic Development, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration
• C21 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Cross-Sectional Models; Spatial Models; Treatment Effect Models
• D60 - Microeconomics - - Welfare Economics - - - General

This paper has been announced in the following NEP Reports:

• NEP-ALL-2008-11-04 (All new papers)
• NEP-HAP-2008-11-04 (Economics of Happiness)

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1. Robert E. Hall & Charles I. Jones, 1999. "Why Do Some Countries Produce So Much More Output per Worker than Others?," NBER Working Papers 6564, National Bureau of Economic Research, Inc.
   
   • Robert E. Hall & Charles I. Jones, 1999. "Why Do Some Countries Produce So Much More Output Per Worker Than Others?," The Quarterly Journal of Economics, MIT Press, vol. 114(1), pages 83-116, February.
2. Jones, Charles I, 1997. " Convergence Revisited," Journal of Economic Growth, Springer, vol. 2(2), pages 131-53, July.
   
   • Charles I. Jones, . "Convergence Revisited," Working Papers 96006, Stanford University, Department of Economics.

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Blog mentions

As found by EconAcademics.org, the blog aggregator for Economics research:

1. National flag colors and well-being
   by Economic Logician in Economic Logic on 2008-11-13 10:15:00

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Cited by:

1. Amavilah, Voxi Heinrich, 2009. "National symbols, globalization, and the well-being of nations," MPRA Paper 14882, University Library of Munich, Germany.

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1. Economic Logic blog

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