Confidence as an Economic Indicator:A Cultural-Ecology Perspective

Linjie Chou () and Snjolfur Olafsson

Brussels Economic Review, 2011, vol. 54, issue 4, 435-446

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.

Keywords: Gross National Income; Confidence; Cultural Ecology; Economic Development; Cross-Cultural Psychology (search for similar items in EconPapers)
JEL-codes: I31 O12 P16 P44 P50 P51 (search for similar items in EconPapers)
Date: 2011
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