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The Role of Foreign Direct Investment on Press Freedom

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  • Dutta, Nabamita
  • Roy, Sanjukta

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.

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Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 10185.

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Date of creation: 24 Apr 2008
Date of revision: 18 Jul 2008
Handle: RePEc:pra:mprapa:10185

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Keywords: Foreign Direct Investment; Press Freedom; Institutions;

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  1. Djankov, Simeon & et al, 2003. "Who Owns the Media?," Journal of Law and Economics, University of Chicago Press, vol. 46(2), pages 341-81, October.
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  16. Dawson, John W, 1998. "Institutions, Investment, and Growth: New Cross-Country and Panel Data Evidence," Economic Inquiry, Western Economic Association International, vol. 36(4), pages 603-19, October.
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