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Corruption and perceived risk: a case of the 2011 Fukushima disaster

Corruption and perceived risk: a case of the 2011 Fukushima disaster Purpose – Japan's 2011 natural disasters were accompanied by a devastating nuclear disaster in Fukushima. This paper used cross-country data obtained immediately after the Japanese disaster to explore how, and the extent to which, corruption affects the perception of citizens regarding the risk of nuclear accidents. The paper aims to discuss these issues. Design/methodology/approach – Endogeneity bias was controlled for using instrumental variables when the author conducted regression estimation. Findings – The cross-country analysis showed that citizens in less corrupt countries tend to perceive there to be a lower possibility of nuclear accident. Originality/value – The finding made it evident that transparency of government enables citizens to access accurate information, reducing information asymmetry between citizens and government. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png International Journal of Social Economics Emerald Publishing

Corruption and perceived risk: a case of the 2011 Fukushima disaster

International Journal of Social Economics , Volume 41 (11): 15 – Nov 4, 2014

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Publisher
Emerald Publishing
Copyright
Copyright © Emerald Group Publishing Limited
ISSN
0306-8293
DOI
10.1108/IJSE-10-2012-0144
Publisher site
See Article on Publisher Site

Abstract

Purpose – Japan's 2011 natural disasters were accompanied by a devastating nuclear disaster in Fukushima. This paper used cross-country data obtained immediately after the Japanese disaster to explore how, and the extent to which, corruption affects the perception of citizens regarding the risk of nuclear accidents. The paper aims to discuss these issues. Design/methodology/approach – Endogeneity bias was controlled for using instrumental variables when the author conducted regression estimation. Findings – The cross-country analysis showed that citizens in less corrupt countries tend to perceive there to be a lower possibility of nuclear accident. Originality/value – The finding made it evident that transparency of government enables citizens to access accurate information, reducing information asymmetry between citizens and government.

Journal

International Journal of Social EconomicsEmerald Publishing

Published: Nov 4, 2014

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