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National symbols, globalization, and the well-being of nations

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  • Amavilah, Voxi Heinrich

Abstract

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.

Suggested Citation

  • Amavilah, Voxi Heinrich, 2009. "National symbols, globalization, and the well-being of nations," MPRA Paper 14882, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:14882
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    References listed on IDEAS

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    1. Axel Dreher, 2002. "Does Globalization Affect Growth?," Development and Comp Systems 0210004, University Library of Munich, Germany, revised 16 Jun 2003.
    2. Srijit Mishra & Hippu Salk Kristle Nathan, 2008. "On A Class of Human Development Index Measures," Development Economics Working Papers 22340, East Asian Bureau of Economic Research.
    3. Axel Dreher & Noel Gaston & Pim Martens, 2008. "Measuring Globalisation," Springer Books, Springer, number 978-0-387-74069-0, December.
    4. 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).
    5. Luigino Bruni & Pier Luigi Porta (ed.), 2007. "Handbook on the Economics of Happiness," Books, Edward Elgar Publishing, number 3437.
    6. 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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    Cited by:

    1. Amavilah, Voxi & Asongu, Simplice A & Andrés, Antonio R, 2014. "Globalization, Peace & Stability, Governance, and Knowledge Economy," MPRA Paper 58756, University Library of Munich, Germany.
    2. Utpal Kumar De, 2014. "Globalisation and cointegration among the states and convergence across the continents: A panel data analysis," Economic Analysis and Policy, Elsevier, vol. 44(1), pages 107-121.
    3. Amavilah, Voxi & Asongu, Simplice A. & Andrés, Antonio R., 2017. "Effects of globalization on peace and stability: Implications for governance and the knowledge economy of African countries," Technological Forecasting and Social Change, Elsevier, vol. 122(C), pages 91-103.
    4. Ferreira, Cândida, 2020. "Globalisation and Economic Growth: A Panel Data Approach," Economia Internazionale / International Economics, Camera di Commercio Industria Artigianato Agricoltura di Genova, vol. 73(2), pages 187-236.
    5. Amavilah, Voxi Heinrich, 2009. "National identity, globalization, and the well-being of nations," MPRA Paper 14948, University Library of Munich, Germany.

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    More about this item

    Keywords

    National identity; national colors; globalization; well-being of nations; human development index (HDI); national flag colors;
    All these keywords.

    JEL classification:

    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
    • O43 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Institutions and Growth
    • Z00 - Other Special Topics - - General - - - General
    • O57 - Economic Development, Innovation, 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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