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The Gravity of Foreign News Coverage in the EU: Does the Euro Matter?

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  • Andrea Fracasso
  • Nicola Grassano
  • Giuseppe Vittucci Marzetti

Abstract

This article investigates the systemic factors behind cross-country variability in transnational media coverage of foreign news in the EU in 2010. Using a large data set on the transnational coverage of news by 148 EU national media, the article maps the network of EU transnational citations and performs a quantitative assessment of their systemic determinants via the estimation of a gravity model of news. Nine empirical hypotheses are tested. Size and economic development of the target (source) country are positively (negatively) associated with the probability of coverage. Historical, linguistic and economic ties increase this probability. The evidence on the effect of the countries' participation in the currency union is weak: once the historical levels of trade integration and the effects of the sovereign debt crisis are accounted for, there is no robust evidence of a higher integration of the media spheres within the eurozone.

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  • Andrea Fracasso & Nicola Grassano & Giuseppe Vittucci Marzetti, 2015. "The Gravity of Foreign News Coverage in the EU: Does the Euro Matter?," Journal of Common Market Studies, Wiley Blackwell, vol. 53(2), pages 274-291, March.
    • Handle: RePEc:bla:jcmkts:v:53:y:2015:i:2:p:274-291
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    File URL: http://hdl.handle.net/10.1111/jcms.12182
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    Cited by:

    1. Sara Amoroso & Alex Coad & Nicola Grassano, 2018. "European R&D networks: a snapshot from the 7th EU Framework Programme," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 27(5-6), pages 404-419, August.
    2. Mafini Dosso & Antonio Vezzani, 2020. "Firm market valuation and intellectual property assets," Industry and Innovation, Taylor & Francis Journals, vol. 27(7), pages 705-729, August.
    3. Hua Guo & Jiandong Zhang & Shihui Feng & Boyin Chen & Minhong Wang, 2022. "Risk Communication in the Alert Phase of the COVID-19 Pandemic: Analysis of News Flow at National and Global Levels," IJERPH, MDPI, vol. 19(15), pages 1-20, August.
    4. Sara Amoroso & Alex Coad & Nicola Grassano, 2017. "European R&D networks: A snapshot from the 7th EU Framework Programme," JRC Working Papers on Corporate R&D and Innovation JRC107546, Joint Research Centre (Seville site).

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    More about this item

    JEL classification:

    • C21 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Cross-Sectional Models; Spatial Models; Treatment Effect Models
    • F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions
    • F50 - International Economics - - International Relations, National Security, and International Political Economy - - - General
    • F69 - International Economics - - Economic Impacts of Globalization - - - Other
    • Z10 - Other Special Topics - - Cultural Economics - - - General

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