National Flags, National Flag Colors, and the Well-Being of Countries

20 Pages Posted: 22 Mar 2009

Date Written: October 10, 2008

Abstract

This paper utilizes a simple production function model to assess the relative importance of national flags and national flag colors on the well-being of 93 nations in 2007. It finds that the existence of national flags affects well-being positively. Well-being is inelastic with respect to national flag colors. In other words, it is far more important to well-being to have a national flag than whether the flag is a certain color combination. There is considerable regional variation, but the effects of national flags on well-being are invariant with respect to region.

Keywords: National well-being, human development index (HDI), national flags, national flag colors

JEL Classification: O15, O11, C21, D31, C51, D60

Suggested Citation

Amavilah, Voxi Heinrich S., National Flags, National Flag Colors, and the Well-Being of Countries (October 10, 2008). Available at SSRN: https://ssrn.com/abstract=1359943 or http://dx.doi.org/10.2139/ssrn.1359943

Voxi Heinrich S. Amavilah (Contact Author)

REEPS ( email )

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Phoenix, AZ 85069-8061
United States

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