My paper with Ani Mitra and Arnab Biswas suggests that it does, on average, but that it may not have any impact in countries where women are worst-off, and in the worst cases media freedom may even worsen matters. In highly unequal societies, increasing educational attainment overall, along with other strategies to promote development and economic growth seem to matter more.

Article Does a Free Media Promote Gender Equality in Education? A Cr...

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