The local press as an external public governance power

Do national and local newspapers both impact voter turnout? This paper tackles this question by employing data from a unique dataset that collects detailed national and local newspapers, politico-institutional and socio-economic information for Italy during 1980-2007. We use a Dynamic Panel Data with Instrumental Variables methodology that allows for the consideration of potential sources of endogeneity that may affect the relation between the press and voting behavior. We strengthen this methodology by considering the industry's entry and exit of newspapers - i.e. turbulence - as an external shock. Our analysis provides robust evidence that local newspaper readership affects both national and local turnout and improves political accountability.