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Flags, Constitutions, and the well-being of nations

By Voxi Heinrich Amavilah

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.

Topics: O11 - Macroeconomic Analyses of Economic Development, O43 - Institutions and Growth, Z00 - General, C31 - Cross-Sectional Models; Spatial Models; Treatment Effect Models; Quantile Regressions; Social Interaction Models
Year: 2008
DOI identifier: 10.2139/ssrn.1359908
OAI identifier: oai:mpra.ub.uni-muenchen.de:11368

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