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Flags, Constitutions, and the well-being of nations

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Author Info
Amavilah, Voxi Heinrich

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Abstract

This exploratory paper estimates the effects on well-being of two very important institutional symbols of 59 countries in 2007: national flags and constitutions. The results indicate that well-being responds positively to investment in material things as well as the existence of flags. However, nationalwell-being is highly inelastic with respect to measures of constitutions and national flag colors. In fact, nations with fewer flag colors, infrequent constitutional changes, and small constitutions tend to have higher well-being than others. I resist comment on what this all means, but it would seem GDP per capita, despite its obvious limitations, is still the most important influence on national well-being.

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File URL: http://mpra.ub.uni-muenchen.de/11368/
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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 11368.

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Date of creation: 04 Nov 2008
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Handle: RePEc:pra:mprapa:11368

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Related research
Keywords: Well-being of nations; humand development index (HDI); national flags; number of constitutions; articles of constitutions; national flag colors;

Find related papers by JEL classification:
O11 - Economic Development, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
O43 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Institutions and Growth
Z00 - Other Special Topics - - General - - - General
C31 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Cross-Sectional Models; Spatial Models; Treatment Effect Models

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Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Torsten Persson & Guido Tabellini, 2004. "Constitutions and Economic Policy," Journal of Economic Perspectives, American Economic Association, vol. 18(1), pages 75-98, Winter. [Downloadable!] (restricted)
  2. Cordeiro, Jose Luis, 2008. "Constitutions around the world : A View from Latin America," IDE Discussion Papers 164, Institute of Developing Economies, Japan External Trade Organization(JETRO). [Downloadable!]
  3. Rafael La Porta & Florencio Lopez-de-Silanes & Andrei Shleifer & Robert W. Vishny, 1998. "Law and Finance," Journal of Political Economy, University of Chicago Press, vol. 106(6), pages 1113-1155, December. [Downloadable!] (restricted)
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