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

Abstract

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.National identity, national colors, globalization, well-being of nations, human development index (HDI), national flag colors