National symbols, globalization, and the well-being of nations
Abstract
I estimate the effects of national symbols and globalization on the well-being of 88 countries. I find that conventional determinants of production affect national well-being, measured as human development index (HDI). The effects on HDI of national symbols like national flag colors are unstable, while those of globalization are strong, with social globalization having the strongest effect. The results suggest that national symbols are important to national well-being, but nations gain more from global interactions with other nations than from national pride. Even as there is a need for further research to improve upon the results associated with the effects of national symbols, the policy implications of the findings clearly recommend increased investment in material conditions of nations and globalization.Download Info
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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 14882.Length:
Date of creation: 11 Mar 2009
Date of revision:
Handle: RePEc:pra:mprapa:14882
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Related research
Keywords: National identity; national colors; globalization; well-being of nations; human development index (HDI); national flag colors;Find related papers by JEL classification:
- O11 - Economic Development, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
- D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
- O43 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Institutions and Growth
- Z00 - Other Special Topics - - General - - - General
- O57 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries
- F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
This paper has been announced in the following NEP Reports:
- NEP-ALL-2009-05-02 (All new papers)
- NEP-HAP-2009-05-02 (Economics of Happiness)
References
References listed on IDEASPlease 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.:
- Axel Dreher, 2002. "Does Globalization Affect Growth?," Development and Comp Systems 0210004, EconWPA, revised 04 Feb 2003.
- Clark, David & McGillivray, Mark, 2007. "Measuring Human Well-being: Key Findings and Policy Lessons," Working Papers UNU-WIDER Research Paper , World Institute for Development Economic Research (UNU-WIDER).
- Srijit Mishra & Hippu Salk Kristle Nathan, 2008.
"On A Class of Human Development Index Measures,"
Development Economics Working Papers
22340, East Asian Bureau of Economic Research.
- Srijit Mishra & Hippu Salk Kristle Nathan, 2008. "On a Class of human development index measures," Indira Gandhi Institute of Development Research, Mumbai Working Papers 2008-020, Indira Gandhi Institute of Development Research, Mumbai, India.
- Amavilah, Voxi Heinrich, 2008. "National flags, national flag colors, and the well-being of countries," MPRA Paper 11304, University Library of Munich, Germany.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.Cited by:
- Amavilah, Voxi Heinrich, 2009. "National identity, globalization, and the well-being of nations," MPRA Paper 14948, University Library of Munich, Germany.
- De, Utpal Kumar, 2011. "Globalisation and cointegration among the states and convergence across the continents: a panel data analysis," MPRA Paper 6166, University Library of Munich, Germany.
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