National symbols, globalization, and the well-being of nations
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.
|Date of creation:||11 Mar 2009|
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- Axel Dreher, 2002. "Does Globalization Affect Growth?," Development and Comp Systems 0210004, EconWPA, revised 04 Feb 2003.
- 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.
- Clark, David & McGillivray, Mark, 2007. "Measuring Human Well-being: Key Findings and Policy Lessons," Working Paper Series UNU-WIDER Research Paper , World Institute for Development Economic Research (UNU-WIDER).
- Amavilah, Voxi Heinrich, 2008. "National flags, national flag colors, and the well-being of countries," MPRA Paper 11304, University Library of Munich, Germany.
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