Flags, Constitutions, and the well-being of nations

MPRA Paper from University Library of Munich, Germany

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.

Keywords: Well-being of nations; humand development index (HDI); national flags; number of constitutions; articles of constitutions; national flag colors (search for similar items in EconPapers)
JEL-codes: C31 O11 O43 Z00 (search for similar items in EconPapers)
Date: 2008-11-04
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:11368

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