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Groups and information disclosure: Evidence on the Olson and Putnam Hypotheses in Japan

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  • Yamamura, Eiji

Abstract

There is controversy between Putnam and Olson concerning the role of group. Putnam argued that small group makes a contribution to economic growth whereas Olson asserted that small group hampers the economic growth through rent-seeking behavior. Since the end of the 1990s in Japan, there has been a remarkable rise in the rate of enactment of public information-disclosure ordinances by local governments. This paper uses the panel data of Japan to compare the effects of Putnam-type horizontally structured groups and Olson-type vertically structured groups on government information disclosures. The Arellano-Bond type dynamic panel model is employed to control for unobserved fixed effects and endogeneity bias. The major findings are as follows: (1) the Putnam-type group has a positive influence on information disclosure; (2) the Olson-type group has a detrimental effect on information disclosure. These support not only Putnam hypothesis but also Olson Hypothesis. The characteristics of groups should be considered carefully when the influence of group is examined.

Suggested Citation

  • Yamamura, Eiji, 2011. "Groups and information disclosure: Evidence on the Olson and Putnam Hypotheses in Japan," MPRA Paper 28101, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:28101
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    Cited by:

    1. Kim, Byung-Yeon & Kang, Youngho, 2014. "Social capital and entrepreneurial activity: A pseudo-panel approach," Journal of Economic Behavior & Organization, Elsevier, vol. 97(C), pages 47-60.
    2. Fabio Sabatini & Francesca Modena & Ermanno Tortia, 2014. "Do cooperative enterprises create social trust?," Small Business Economics, Springer, vol. 42(3), pages 621-641, March.
    3. repec:oup:jecgeo:v:17:y:2017:i:6:p:1179-1208. is not listed on IDEAS
    4. Nicola Cortinovis & Jing Xiao & Ron Boschma & Frank G van Oort, 2017. "Quality of government and social capital as drivers of regional diversification in Europe," Journal of Economic Geography, Oxford University Press, vol. 17(6), pages 1179-1208.
    5. Fabio Sabatini & Francesca Modena & Ermanno Tortia, 2012. "�Do cooperative enterprises create social trust?," Euricse Working Papers 1243, Euricse (European Research Institute on Cooperative and Social Enterprises).

    More about this item

    Keywords

    Putnam; Olson; interest group; social capital; information-disclosure ordinance.;

    JEL classification:

    • G38 - Financial Economics - - Corporate Finance and Governance - - - Government Policy and Regulation
    • P48 - Economic Systems - - Other Economic Systems - - - Political Economy; Legal Institutions; Property Rights; Natural Resources; Energy; Environment; Regional Studies
    • Z13 - Other Special Topics - - Cultural Economics - - - Economic Sociology; Economic Anthropology; Language; Social and Economic Stratification

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