National identity, globalization, and the well-being of nations
Voxi Heinrich Amavilah ()
MPRA Paper from University Library of Munich, Germany
Using a simple production function approach I show that conventional factors and forces of production, national identity, and globalization are important to national well-being, but in varying ways. Whereas investment in capital and globalization, especially social globalization, affect national well-being strongly, national well-being is inelastic to all three measures of national identity. A reasonable conclusion is that nations gain more from interactions with other nations than from national isolation.
Keywords: National identity; national colors; globalization; well-being of nations; human development index (HDI); national flag colors (search for similar items in EconPapers)
JEL-codes: D31 F43 O11 O43 O57 Z00 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:14948
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