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

Voxi Heinrich S Amavilah ()

MPRA Paper from University Library of Munich, Germany

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.

Keywords: National well-being; human development index (HDI); national flags; national flag colors (search for similar items in EconPapers)
JEL-codes: C51 O11 D31 O15 C21 D60 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-hap
Date: 2008-10-29
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Persistent link: http://EconPapers.repec.org/RePEc:pra:mprapa:11304

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