Knowledge-Based Economic Development: Mass Media and the Weightless Economy

31 Pages Posted: 9 Apr 2008

See all articles by Sanghamitra Bandyopadhyay

Sanghamitra Bandyopadhyay

London School of Economics & Political Science (LSE) - Suntory and Toyota International Centres for Economics and Related Disciplines (STICERD)

Date Written: July 2005

Abstract

This paper examines the impact of mass media and information and communications technologies (ICT) as knowledge-based infrastructures on economic development. The results suggest that both mass media and ICT penetration are negatively associated with corruption. This result holds across both the entire sample (of both developed and developing countries), and only for developing countries. The same result is also obtained for the effects of ICT and mass media on economic inequality. However, ICT reveals itself inequality increasing for the developing country sample but inequality decreasing for the entire sample. Finally, lower poverty is robustly associated with higher media (newspaper circulation) penetration.

JEL Classification: D30, D80, O1, O57

Suggested Citation

Bandyopadhyay, Sanghamitra, Knowledge-Based Economic Development: Mass Media and the Weightless Economy (July 2005). LSE STICERD Research Paper No. 74, Available at SSRN: https://ssrn.com/abstract=1117702

Sanghamitra Bandyopadhyay (Contact Author)

London School of Economics & Political Science (LSE) - Suntory and Toyota International Centres for Economics and Related Disciplines (STICERD) ( email )

Houghton Street
London WC2A 2AE
United Kingdom

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