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Confidence as an Economic Indicator :A Cultural-Ecology Perspective

Author

Listed:
  • Linjie Chou
  • Snjolfur Olafsson

Abstract

In previous research endeavours on national economic development, almost no studies exist on how regional confidence can influence industrial and economic well-being. This paper provides a cultural-ecology parenthesis, which integrates climatic, geographic and genetic factors to spell out the forces of confidence on national economic well-being, which is reflected by the gross national income per capita. The correlation between the mean level of the Rosenberg selfesteem scale and the GNI per capita growth of 45 countries across the globe supports the hypothesis that the cultural-ecology perspective of confidence has a positive influence on overall economic development.

Suggested Citation

  • Linjie Chou & Snjolfur Olafsson, 2011. "Confidence as an Economic Indicator :A Cultural-Ecology Perspective," Brussels Economic Review, ULB -- Universite Libre de Bruxelles, vol. 54(4), pages 435-446.
    • Handle: RePEc:bxr:bxrceb:2013/122851
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    More about this item

    Keywords

    Gross National Income; Confidence; Cultural Ecology; Economic Development; Cross-Cultural Psychology;
    All these keywords.

    JEL classification:

    • I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being
    • O12 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Microeconomic Analyses of Economic Development
    • P16 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Capitalist Institutions; Welfare State
    • P44 - Political Economy and Comparative Economic Systems - - Other Economic Systems - - - National Income, Product, and Expenditure; Money; Inflation
    • P50 - Political Economy and Comparative Economic Systems - - Comparative Economic Systems - - - General
    • P51 - Political Economy and Comparative Economic Systems - - Comparative Economic Systems - - - Comparative Analysis of Economic Systems

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