The economy. How do the media cover it and what are the effects? A literature review

Damstra, Alyt; Boukes, Mark; Vliegenthart, Rens

doi:10.1111/soc4.12579

Cited by 8 publications

(8 citation statements)

References 106 publications

(209 reference statements)

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“…The negativity bias in economic news theoretically aligns with news value theory (e.g., Harcup and O’Neill 2001, 2017), which maintains that negative events, circumstances, and conditions are more likely to be picked up by the news. In addition, journalists covering the economy tend to be more interested in changes (e.g., the dynamics of gross domestic product (GDP) or variations in unemployment rates) than in absolute levels of economic indicators (Damstra et al 2018). Popular economic topics such as inflation, unemployment, or the housing market are oftentimes dynamic—with up and downs.…”

Section: Theoretical Considerationsmentioning

confidence: 99%

When Do Media Matter Most? A Study on the Relationship between Negative Economic News and Consumer Confidence across the Twenty-Eight EU States

Jonkman

Boukes

Vliegenthart

2019

The International Journal of Press/Politics

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This study provides a longitudinal, cross-national account of the relationship between negative news coverage and consumer confidence across all twenty-eight European Union (EU) member states for the period 2005–2017. We rely on an extensive data set of international news agency coverage and a range of economic indicators retrieved from Eurostat. Employing fixed-effects pooled time series and multilevel models, we demonstrate that negative news coverage is negatively associated with consumer confidence, generally. Confirming our hypotheses grounded in media system dependency theory, more specifically, this association was stronger for the sociotropic attribute of consumer confidence than its egocentric attribute. Moreover, the association weakened under circumstances where unemployment was rising as well as in those countries that faced the most severe consequences of the financial crisis. Altogether, news coverage matters especially when people are affected less directly by the consequences of economic downturn.

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Section: Theoretical Considerationsmentioning

confidence: 99%

When Do Media Matter Most? A Study on the Relationship between Negative Economic News and Consumer Confidence across the Twenty-Eight EU States

Jonkman

Boukes

Vliegenthart

2019

The International Journal of Press/Politics

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“…First, the high trust in online content is due to the exponential increase in dependence on social media during times of crisis which is also contingent on media dependency theory (henceforth MDT). The MDT posits that people become more reliant on media sources including social media to seek information that is more important to them (Damstra et al , 2018). This assertion is also supported empirically in past studies (Ho et al , 2015) – that during crises such as COVID-19, people start trusting alternate informational resources such as online media.…”

Section: Discussionmentioning

confidence: 99%

Citizen journalism practices during COVID-19 in spotlight: influence of user-generated contents about economic policies in perceiving government performance

Raza

Emenyeonu

Yousaf

et al. 2021

IDD

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Purpose Citizen journalism practices through social networking sites are increasingly becoming an imperative source of public opinion formation. Given the increase in the volume of information sharing on social media during COVID-19, this study aims to grasp the largely unknown interaction of the individual’s trust in citizen journalism practices and public perception formulation. Drawing on this idea, the study has twofold objectives: first, to examine the influence of user-generated information about economic policies of government during COVID-19 as the antecedent of public perception about government performance and second, to identify the moderating role of trust in citizen journalism practices during COVID-19 through social networking sites. Design/methodology/approach The study used a survey method and a sample of 464 adults were collected through an online administrated questionnaire. Findings The findings specify that user-generated content that is pro-government economic policies during COVID-19 positively influenced the perception of government performance. On the other hand, user-generated information that criticized government economic policies had a negative influence on public perception. Originality/value This study seeks to intensify the understudied phenomenon of how nature and source of the information could interact to influence one’s information processing during a crisis such as pandemic COVID-19. Furthermore, only a little research has been conducted in this area focusing on two mechanisms, namely; citizen journalism and trust in social media user-generated information about prevailing economic insecurities during crisis provided through citizen journalism.

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“…In addition to studies on the effects of economic news, a large body of research has been done on the content of economic news, demonstrating how it is distinguished by a number of particular characteristics. The process of producing economic news, in which various actors with varying opinions about the economy and its management compete for limited media space in an ongoing power struggle, has been the subject of a strand of research that is primarily qualitative (Damstra, Boukes, & Vliegenthart, 2018).…”

Section: Literature Reviewmentioning

confidence: 99%

Analyzing the Pivotal Role of Mass Media in Shaping Economic Policies and Perceptions in Pakistan

Ghaznavi,

Waheed,

Amin

2024

QJSS

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The impact of mass media on society is undeniable. Its effective influence on reporting an issue in hand can make or break the story. Free media is not an extravagance. It is the foundation of impartial development in society. Media can monitor government actions and so serve as a check on public policy. Similarly, corruption can be exposed by the media. It provides a forum for a range of viewpoints on reform and governance and aids in fostering a consensus among the populace in favour of change. These media improve the efficiency of markets. This study examines the role of mass media in Pakistan's economic development. To meet the aim of the study, this research uses the interview method. The findings of the study suggest that the media has the power to play its part in handling Pakistan's economic crisis with objective and responsible coverage. However, corporate media in Pakistan is lacking in representing actual issues or possible reasons for economic decline in the country. There is a need for more responsible reporting by mass media in Pakistan.

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The economy. How do the media cover it and what are the effects? A literature review

Cited by 8 publications

References 106 publications

When Do Media Matter Most? A Study on the Relationship between Negative Economic News and Consumer Confidence across the Twenty-Eight EU States

When Do Media Matter Most? A Study on the Relationship between Negative Economic News and Consumer Confidence across the Twenty-Eight EU States

Citizen journalism practices during COVID-19 in spotlight: influence of user-generated contents about economic policies in perceiving government performance

Analyzing the Pivotal Role of Mass Media in Shaping Economic Policies and Perceptions in Pakistan

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