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Does a Free Press Nurture Entrepreneurship?

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  • Nabamita Dutta

    (Department of Economics, University of Wisconsin-La Crosse)

  • Sanjukta Roy

    (Department of Economics, West Virginia University)

  • Russell S. Sobel

    (Department of Economics, West Virginia University)

Abstract

Entrepreneurship is the main engine of economic growth and prosperity. Previous research has explored both the factors that make individuals more likely to be entrepreneurs and the economic policies that foster entrepreneurial activity. In this paper we explore, for the first time, the relationship between media freedom and entrepreneurial activity. A free press might increase entrepreneurial activity because it increases the flow of ideas and information, leading to both more new discoveries as well as an easier ability for entrepreneurs to market and sell new products and innovations.

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File URL: http://www.be.wvu.edu/phd_economics/pdf/09-12.pdf
File Function: First version, 2009
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Bibliographic Info

Paper provided by Department of Economics, West Virginia University in its series Working Papers with number 09-12.

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Length: 21 pages
Date of creation: 2009
Date of revision:
Handle: RePEc:wvu:wpaper:09-12

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Web page: http://www.be.wvu.edu/phd_economics/
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Keywords: Entrepreneur; Entrepreneurship; Media Freedom; Institutions;

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  1. Timothy Besley & Robin Burgess, 2000. "The political economy of government responsiveness: theory and evidence from India," LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library 2308, London School of Economics and Political Science, LSE Library.
  2. World Bank, 2006. "World Development Indicators 2006," World Bank Publications, The World Bank, number 8151, August.
  3. Baumol, William J, 1990. "Entrepreneurship: Productive, Unproductive, and Destructive," Journal of Political Economy, University of Chicago Press, University of Chicago Press, vol. 98(5), pages 893-921, October.
  4. Russell S. Sobel, 2006. "Testing Baumol: Institutional Quality and the Productivity of Entrepreneurship," Working Papers 06-06 Classification-, Department of Economics, West Virginia University.
  5. Israel M. Kirzner, 1997. "Entrepreneurial Discovery and the Competitive Market Process: An Austrian Approach," Journal of Economic Literature, American Economic Association, American Economic Association, vol. 35(1), pages 60-85, March.
  6. Weingast, Barry R & Shepsle, Kenneth A & Johnsen, Christopher, 1981. "The Political Economy of Benefits and Costs: A Neoclassical Approach to Distributive Politics," Journal of Political Economy, University of Chicago Press, University of Chicago Press, vol. 89(4), pages 642-64, August.
  7. Peter T. Leeson, 2008. "Media Freedom, Political Knowledge, and Participation," Journal of Economic Perspectives, American Economic Association, American Economic Association, vol. 22(2), pages 155-169, Spring.
  8. Beck, Thorsten & Demirguc-Kunt, Asli & Levine, Ross, 1999. "A new database on financial development and structure," Policy Research Working Paper Series 2146, The World Bank.
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