The Role of Foreign Direct Investment on Press Freedom
Kyklos, 2009, 62 (2), 239-257
26 Pages Posted: 25 Jan 2013
Date Written: 2009
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.
Keywords: Foreign Direct Investment, Press Freedom, Institutions
JEL Classification: O10, O12, F01
Suggested Citation: Suggested Citation