Macroeconomic Aspects of the Golden Arches Theory of Conflict Prevention
Abstract: This paper examines the possibility to use McDonald’s as a leading indicator for economic growth and stability. A small number of alternative hypotheses are also explored. The theory that McDonald’s can be used as an economic indicator originates in Thomas L. Friedman’s “Golden Arches Theory of Conflict Prevention” which presents a relationship between McDonald’s and political stability. Common statistical tests (chi-square) are applied on international GDP data for empirical theory testing. The results suggest that McDonald’s can be used as an indicator for good long-term growth and stability.
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