2018

The Hayek–Friedman Hypothesis on the Press: Is There an Association between Economic Freedom and Press Freedom?

Reprint No. 2018:52

Author(s): Christian BjørnskovYear: 2018 Title: Journal of Institutional Economics Volume (No.): 14 (4) Pages: 617–638
Online article (restrictions may apply)


The Hayek–Friedman hypothesis states that economic freedom is causally associated with stable democracy. I test a particular element of the hypothesis focusing on press freedom, which is arguably a necessary component of any democratic polity. Combining the Freedom House index of press freedom and the Heritage Foundation Index of Economic Freedom yields a large annual panel dataset between 1993 and 2011. Estimates show that improvements in economic freedom are associated with subsequent improvements of press freedom. The overall association is mainly driven by changes in market openness.


Reference:
Bjørnskov, Christian (2018), "The Hayek–Friedman Hypothesis on the Press: Is There an Association between Economic Freedom and Press Freedom?". Journal of Institutional Economics 14(4), 617–638.

Christian Bjørnskov

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Interdisciplinary European Studies

Trust in the European Union in Challenging Times

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This is the first book in the Interdisciplinary European Studies collection. This volume provides an interdisciplinary perspective on trust in the EU from the vantage point of political science, law and economics. Lars Oxelheim, Lund University and affiliated to IFN, is one of the authors.

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