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Read All About It! Understanding the Role of Media in Economic Development

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  • Christopher J. Coyne
  • Peter T. Leeson

Abstract

This paper explores the role of media in economic development. In particular, we seek to outline the conditions under which the media contributes to the successful adoption of policies aimed at economic progress. Our core thesis is that successful economic development requires the coordination of efforts by politicians with the interests of the populace on policies that bring about economic growth. However, the nature of the relationship between political actors in charge of reform is characterized by a conflict of interests. The role of media as a key mechanism for transforming these situations of conflict into situations of coordination between politicians and the populace is analyzed. Specifically, we consider four factors - media autonomy, legal structure, quality of the media and consumer demand - and how they impact media as a coordination-enhancing mechanism. Copyright WWZ and Helbing & Lichtenhahn Verlag AG 2004.

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Bibliographic Info

Article provided by Wiley Blackwell in its journal Kyklos.

Volume (Year): 57 (2004)
Issue (Month): 1 (02)
Pages: 21-44

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Handle: RePEc:bla:kyklos:v:57:y:2004:i:1:p:21-44

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Web page: http://www.blackwellpublishing.com/journal.asp?ref=0023-5962

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Cited by:
  1. Eiji Yamamura, 2012. "Effect of Free Media on Views Regarding Nuclear Energy after the Fukushima Accident," Kyklos, Wiley Blackwell, vol. 65(1), pages 132-141, 02.
  2. Russell S. Sobel & Nabamita Dutta & Sanjukta Roy, 2010. "Beyond Borders: Is Media Freedom Contagious?," Kyklos, Wiley Blackwell, vol. 63(1), pages 133-143, 02.
  3. Jac C. Heckelman, 2010. "The Connection between Democratic Freedoms and Growth in Transition Economies," Applied Economics Quarterly (formerly: Konjunkturpolitik), Duncker & Humblot, Berlin, vol. 56(2), pages 121-146.
  4. Peter T. Leeson & Russell S. Sobel, 2006. "Contagious Capitalism," Working Papers 06-04 Classification-, Department of Economics, West Virginia University.
  5. Peter Leeson & Christopher Coyne, 2007. "The reformers’ dilemma: media, policy ownership, and reform," European Journal of Law and Economics, Springer, vol. 23(3), pages 237-250, June.
  6. Daniel Sutter, 2013. "Broadcast meteorology and the supply of weather forecasts: an exploration," Journal of Economics and Finance, Springer, vol. 37(3), pages 463-477, July.
  7. Paul Aligica & Anthony Evans, 2009. "Thought experiments, counterfactuals and comparative analysis," The Review of Austrian Economics, Springer, vol. 22(3), pages 225-239, September.
  8. Nabamita Dutta & Sanjukta Roy, 2013. "The changing face of culture: gauging the impact of a free media," European Journal of Law and Economics, Springer, vol. 36(1), pages 95-115, August.
  9. Dutta, Nabamita & Roy, Sanjukta, 2008. "The Role of Foreign Direct Investment on Press Freedom," MPRA Paper 10185, University Library of Munich, Germany, revised 18 Jul 2008.
  10. Jimmy Chan & Daniel Stone, 2013. "Media proliferation and partisan selective exposure," Public Choice, Springer, vol. 156(3), pages 467-490, September.
  11. Peter T. Leeson, 2008. "Media Freedom, Political Knowledge, and Participation," Journal of Economic Perspectives, American Economic Association, vol. 22(2), pages 155-169, Spring.

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