Trust, Inequality and the Size of the Co-Operative Sector: Cross-Country Evidence

31 Pages Posted: 19 May 2009

See all articles by Derek C. Jones

Derek C. Jones

Hamilton College - Economics Department

Panu Kalmi

Aalto University - Department of Economics

Abstract

We provide the first empirical evidence on the determinants of differences in the size of the cooperative sector around the world. Our key data have been recently released by the ICA and are integrated with other standard sources, such as data from the World Values surveys. In our empirical work we concentrate on the links between inequality and trust and cooperative incidence and undertake selectivity correction estimates as well as a series of robustness checks. Consistent with theory we find strong support for the proposition that trust plays a causal role in accounting for differences in co-operative incidence. Also consistent with theory, we find support (albeit much weaker) for the role of inequality. Further support for our findings flows from our estimates for conventional, listed firms, where we do not find that trust and inequality play similar roles in accounting for the variation in the incidence of large listed firms across countries.

Suggested Citation

Jones, Derek C. and Kalmi, Panu, Trust, Inequality and the Size of the Co-Operative Sector: Cross-Country Evidence. Annals of Public and Cooperative Economics, Vol. 80, Issue 2, pp. 165-195, June 2009. Available at SSRN: https://ssrn.com/abstract=1406763 or http://dx.doi.org/10.1111/j.1467-8292.2009.00383.x

Derek C. Jones (Contact Author)

Hamilton College - Economics Department ( email )

198 College Hill Road
Clinton, NY 13323
United States
315-859-4381 (Phone)
315-859-4477 (Fax)

Panu Kalmi

Aalto University - Department of Economics ( email )

PO Box 1210
FI-00101 Helsinki
Finland

Here is the Coronavirus
related research on SSRN

Paper statistics

Downloads
1
Abstract Views
325
PlumX Metrics