How Cable News Reshaped Local Government

被引：3
作者：
Ash, Elliott [1 ]
Galletta, Sergio [1 ]
机构：
[1] Swiss Fed Inst Technol, Zurich, Switzerland
来源：
AMERICAN ECONOMIC JOURNAL-APPLIED ECONOMICS | 2023年 / 15卷 / 04期
关键词：
FOX-NEWS; NEWSPAPER ENTRY; PARTIES MATTER; MEDIA; RESPONSIVENESS; POLARIZATION; TELEVISION; PERSUASION; INTERNET; ELITES;
D O I：
10.1257/app.20210501
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This paper shows that partisan cable news broadcasts have a causal effect on the size and composition of budgets in US localities. Using exogenous channel positioning as an instrument for viewership, we show that exposure to the conservative Fox News channel reduces revenues and expenditures. Multiple mechanisms drive these results: Fox News improves election chances for local Republicans, alters politician campaign agendas, and shifts voter policy preferences on fiscal issues. Consistent with the priorities of small-government con-servatism, we find evidence that private provision compensates for the reduced public services. The "Fox News effect" extends beyond vote shares to rightward policy shifts. (JEL D72, H71, H72, H75, I20, L82)
引用
收藏
页码：292 / 320
页数：29
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