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Knowledge-Based Economic Development: Mass Media and the Weightless ∗ Economy Sanghamitra Bandyopadhyay† STICERD, London School of Economics and Oriel College, Oxford University Revised March 2009 DARP 74 The Toyota Centre July 2005 Suntory and Toyota International Centres for Economics and Related Disciplines London School of Economics Houghton Street London WC2A 2A (+44 020) 7955 6674 ∗ I thank Frank Cowell, Marcel Fafchamps, Shahrokh Fardoust, Anke Hoeffler, Danilo Leonardi, Sina Odugbemi, Damian Tambini, Francis Teal and seminar participants at theWorld Bank, the DFID and the Economics Department, Oxford for many useful discussions and Berta Esteve-Volart and Tim Besley for providing me with data. Two anonymous referees have provided many insightful comments to have enriched this paper. I also thank the Information and Communications Department, DFID for funding this project. I thank Luisa Enria for excellent research assistance for this paper. All errors are mine. † Correspondence: Department of Economics, London School of Economics, Houghton Street, London, WC2A 2AE. email: s.bandyopadhyay@lse.ac.uk Abstract We examine associations of mass media and information and communications