The Role of Press Freedom in Economic Development: A Global Perspective

Abdullah Alam and Syed Zulfiqar Ali Shah

Journal of Media Economics, 2013, vol. 26, issue 1, 4-20

Abstract: In this study, the authors explore the role of press freedom in the development of an economy, both in terms of economic growth and foreign direct investment. The relationship between press freedom, foreign direct investment, and economic growth is analyzed using a balanced panel of 115 countries. The existence of a bidirectional relationship between press freedom and economic growth is established using the generalized method of moments technique. We also find a bidirectional relationship between foreign direct investment and economic growth using the analysis. Our results are not contradicted by similar indices produced by Reporters Sans Frontières and Freedom House.

Date: 2013
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DOI: 10.1080/08997764.2012.755986

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