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The Impact of Foreign Direct Investment on Press Freedom
Author(s) -
Dutta Nabamita,
Roy Sanjukta
Publication year - 2009
Publication title -
kyklos
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.766
H-Index - 58
eISSN - 1467-6435
pISSN - 0023-5962
DOI - 10.1111/j.1467-6435.2009.00434.x
Subject(s) - foreign direct investment , freedom of the press , economic freedom , work (physics) , control (management) , inclusion (mineral) , sample (material) , investment (military) , economics , business , international economics , political science , market economy , macroeconomics , engineering , sociology , politics , management , mechanical engineering , gender studies , chemistry , chromatography , law
SUMMARY 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.