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Flags, Constitutions, and the well-being of nations

Author

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  • Amavilah, Voxi Heinrich

Abstract

This exploratory paper estimates the effects on well-being of two very important institutional symbols of 59 countries in 2007: national flags and constitutions. The results indicate that well-being responds positively to investment in material things as well as the existence of flags. However, nationalwell-being is highly inelastic with respect to measures of constitutions and national flag colors. In fact, nations with fewer flag colors, infrequent constitutional changes, and small constitutions tend to have higher well-being than others. I resist comment on what this all means, but it would seem GDP per capita, despite its obvious limitations, is still the most important influence on national well-being.

Suggested Citation

  • Amavilah, Voxi Heinrich, 2008. "Flags, Constitutions, and the well-being of nations," MPRA Paper 11368, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:11368
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    References listed on IDEAS

    as
    1. Rafael La Porta & Florencio Lopez-de-Silanes & Andrei Shleifer & Robert W. Vishny, 1998. "Law and Finance," Journal of Political Economy, University of Chicago Press, vol. 106(6), pages 1113-1155, December.
    2. Cordeiro, Jose Luis, 2008. "Constitutions around the world : A View from Latin America," IDE Discussion Papers 164, Institute of Developing Economies, Japan External Trade Organization(JETRO).
    3. Edward L. Glaeser & Rafael La Porta & Florencio Lopez-de-Silanes & Andrei Shleifer, 2004. "Do Institutions Cause Growth?," Journal of Economic Growth, Springer, vol. 9(3), pages 271-303, September.
    4. Torsten Persson & Guido Tabellini, 2004. "Constitutions and Economic Policy," Journal of Economic Perspectives, American Economic Association, vol. 18(1), pages 75-98, Winter.
    Full references (including those not matched with items on IDEAS)

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    Blog mentions

    As found by EconAcademics.org, the blog aggregator for Economics research:
    1. Flags design and economics
      by Inaki Villanueva in Applied economist on 2016-01-06 04:30:00

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    More about this item

    Keywords

    Well-being of nations; humand development index (HDI); national flags; number of constitutions; articles of constitutions; national flag colors;
    All these keywords.

    JEL classification:

    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O43 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Institutions and Growth
    • Z00 - Other Special Topics - - General - - - General
    • C31 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Cross-Sectional Models; Spatial Models; Treatment Effect Models; Quantile Regressions; Social Interaction Models

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