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The role of authoritative media in Economics

Ginters Buss ()

MPRA Paper from University Library of Munich, Germany

Abstract: The paper explores the link between authoritative media, which is called the public court in the paper, and economic prosperity. Three types of evidence are used. First, arguments of the superiority of the public court over traditional media are provided. Second, a formal model shows a causal effect from more authoritative media viewers to greater political efficiency. Finally, the paper presents an overview of empirical literature on the link between political efficiency and economic prosperity. The finding of the paper is that the public court facilitates economic prosperity regardless of whether the traditional media are politically biased or not.

Keywords: institutional economics; media; politics; public court; economic prosperity (search for similar items in EconPapers)
JEL-codes: O43 D02 D72 O12 (search for similar items in EconPapers)
Date: 2007
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