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The impact of newspapers on consumer confidence: does spin bias exist?

[Zeitschriftenartikel]

Hoogduin, Lex; Alsem, Karel-Jan; Brakman, Steven; Kuper, Gerard

Zitationshinweis

Bitte beziehen Sie sich beim Zitieren dieses Dokumentes immer auf folgenden Persistent Identifier (PID):http://nbn-resolving.de/urn:nbn:de:0168-ssoar-239869

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Abstract It is sometimes argued that news reports in the media suffer from biased reporting. Mullainathan and Shleifer (2002, 2004) argue that there are two types of media bias. One bias, called ideology, reflects a news outlet's desire to affect reader opinions in a particular direction. The second bias, referred to as 'spin' or 'slanting', reflects the outlet's attempt to simply create a memorable story. Competition between outlets can eliminate the effect of ideological bias, but increases the incentive to spin or slant stories. We examine whether we find some evidence of spin in Dutch newspaper reporting on the state of the economy. If newspapers are indeed able to create memorable stories this should, according to our hypothesis, affect the opinion of readers with respect to the state of the economy. Sentiments about the actual state of the economy could be magnified by spin. As a result, consumer confidence can be expected to be affected not only by economic fundamentals, but also by the way these fundamentals are reported. We construct a variable that reflects the way consumers perceive economic news reported in newspapers. We find that this variable indeed has a significant impact on consumer confidence.
Thesaurusschlagwörter information-seeking behavior; estimation; Netherlands
Klassifikation Wirtschaftssoziologie; Medieninhalte, Aussagenforschung
Freie Schlagwörter Konsumentenverhalten; Wirtschaftsinformation; Konsumklima; Wirtschaftsjournalismus
Sprache Dokument Englisch
Publikationsjahr 2008
Seitenangabe S. 531-539
Zeitschriftentitel Applied Economics, 40 (2008) 5
DOI http://dx.doi.org/10.1080/00036840600707100
Status Postprint; begutachtet (peer reviewed)
Lizenz PEER Licence Agreement (applicable only to documents from PEER project)
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