The Role of Foreign Direct Investment on Press Freedom

Dutta, Nabamita and Roy, Sanjukta (2008): The Role of Foreign Direct Investment on Press Freedom.

Abstract

In our paper we establish foreign direct investment (FDI) as a major determinant of media freedom. Global integration can strengthen the media sector financially, make it technologically enhanced and can also improve the economic environment as a whole. This, in turn, would work towards the enhancement of media freedom. The sample includes high, middle and low income economies. Using a panel of 115 countries over a period of 20 years, our results reveal that FDI is an absolute necessity for a free and efficient media. The results are robust to various alternate specifications and inclusion of additional control variables.

• Item Type: MPRA Paper
• Language: English
• Keywords: Foreign Direct Investment; Press Freedom; Institutions
• Subjects: O - Economic Development, Innovation, Technological Change, and Growth > O1 - Economic Development > O10 - General; F - International Economics > F0 - General > F01 - Global Outlook; O - Economic Development, Innovation, Technological Change, and Growth > O1 - Economic Development > O12 - Microeconomic Analyses of Economic Development

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