National symbols, globalization, and the well-being of nations
AbstractI 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.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 14882.
Date of creation: 11 Mar 2009
Date of revision:
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
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