Public policy, trust and growth: disclosure of government information in Japan

Eiji Yamamura ()

MPRA Paper from University Library of Munich, Germany

Abstract: Since the end of the 1990s, local governments in Japan have enacted Information Disclosure Ordinances, which require the disclosure of official government information. This paper uses Japanese prefecture-level data for the period 1998–2004 to examine how this enactment affected economic growth. Furthermore, this paper explores how generalized trust is associated with the effect of information disclosure on economic growth. The Dynamic Panel model is used to control for unobserved prefecture specific effects and endogenous bias. The major findings are: (1) disclosure of government information has a positive effect on GDP growth; and (2) generalized trust enhances this effect on GDP growth. This implies that social trust has a critical influence on the effectiveness of policy.

Keywords: Information disclosure; Local government; Trust; Growth (search for similar items in EconPapers)
JEL-codes: D73 D78 D79 Z13 (search for similar items in EconPapers)
Date: 2010-12-20
New Economics Papers: this item is included in nep-cwa, nep-fdg, nep-ict and nep-soc
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:27703

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