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National flags, national flag colors, and the well-being of countries

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  • Amavilah, Voxi Heinrich

Abstract

This paper utilizes a simple production function model to assess the relative importance of national flags and national flag colors on the well-being of 93 nations in 2007. It finds that the existence of national flags affects well-being positively. Well-being is inelastic with respect to national flag colors. In other words, it is far more important to well-being to have a national flag than whether the flag is a certain color combination. There is considerable regional variation, but the effects of national flags on well-being are invariant with respect to region.

Suggested Citation

  • Amavilah, Voxi Heinrich, 2008. "National flags, national flag colors, and the well-being of countries," MPRA Paper 11304, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:11304
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    File URL: https://mpra.ub.uni-muenchen.de/11304/1/MPRA_paper_11304.pdf
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    References listed on IDEAS

    as
    1. Jones, Charles I, 1997. "Convergence Revisited," Journal of Economic Growth, Springer, vol. 2(2), pages 131-153, July.
    2. Robert E. Hall & Charles I. Jones, 1999. "Why do Some Countries Produce So Much More Output Per Worker than Others?," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 114(1), pages 83-116.
    Full references (including those not matched with items on IDEAS)

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    As found by EconAcademics.org, the blog aggregator for Economics research:
    1. National flag colors and well-being
      by Economic Logician in Economic Logic on 2008-11-13 16:15:00

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    Cited by:

    1. Amavilah, Voxi Heinrich, 2009. "National symbols, globalization, and the well-being of nations," MPRA Paper 14882, University Library of Munich, Germany.

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    More about this item

    Keywords

    National well-being; human development index (HDI); national flags; national flag colors;
    All these keywords.

    JEL classification:

    • C51 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Construction and Estimation
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration
    • C21 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Cross-Sectional Models; Spatial Models; Treatment Effect Models
    • D60 - Microeconomics - - Welfare Economics - - - General

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