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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Martin Ljunge, IFN, is the author of a chapter, "Trust promotes health: addressing reverse causality by studying children of immigrants", in a new book edited by Sherman Folland and Eric Nauenberg. The cutting edge of research is presented, covering the ever-expanding social capital field.

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