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Full-Text Articles in Business
Modeling Resident Spending Behavior During Sport Events: Do Residents Contribute To Economic Impact?, Nola Agha, Marijke Taks
Modeling Resident Spending Behavior During Sport Events: Do Residents Contribute To Economic Impact?, Nola Agha, Marijke Taks
Sport Management
The role of residents in the calculation of economic impact remains a point of contention. It is unclear if changes in resident spending caused by an event contribute positively, negatively, or not at all. Building on previous theory we develop a comprehensive model that explains all 72 possible behaviors of residents based on changes in (a) spending, (b) multiplier, (c) timing of expenditures, and (d) geographic location of spending. Applying the model to Super Bowl 50 indicates that few residents were affected, positive and negative effects were relatively equivalent, thus their overall impact is negligible. This leaves practitioners the option …
A Compensating Differential Approach To Valuing The Social Benefit Of Minor League Baseball, Nola Agha, Dennis Coates
A Compensating Differential Approach To Valuing The Social Benefit Of Minor League Baseball, Nola Agha, Dennis Coates
Sport Management
This research utilizes a compensating differential framework to measure the social benefits of minor league baseball teams. Consistent with findings at the major league level, individual housing observations from 138 metropolitan areas between 1993 and 2005 show that affiliated teams are associated with a significant 5.7% increase in rents in mid-sized markets ranging from 0.4 to 1.4 million people. On the other hand, independent teams and stadiums are associated with insignificant effects on rents. The positive effect of affiliated minor league teams suggests they are a valuable urban amenity that can contribute to local quality of life.
A Theoretical Comparison Of The Economic Impact Of Large And Small Events, Nola Agha, M Taks
A Theoretical Comparison Of The Economic Impact Of Large And Small Events, Nola Agha, M Taks
Sport Management
In response to the increasing debate on the relative worth of small events compared to large events, we create a theoretical model to determine whether smaller events are more likely to create positive economic impact. First, event size and city size are redefined as continuums of resources. The concepts of event resource demand (ERD) and city resource supply (CRS) are introduced, allowing for a joint analysis of supply and demand. When local economic conditions are brought into the analysis, the framework determines how a city resource deficiency or surplus affects the economic impact of an event. This resource-based approach assists …
The Economic Impact Of Stadia And Teams: The Case Of Minor League Baseball, Nola Agha
The Economic Impact Of Stadia And Teams: The Case Of Minor League Baseball, Nola Agha
Sport Management
This paper uses an extensive unique dataset to investigate the justification of government subsidies for minor league baseball teams and stadiums by measuring pecuniary gains in a local economy. Specifically, a dynamic panel data model incorporating 238 Metropolitan Statistical Areas that hosted affiliated or independent minor league teams between 1985 and 2006 shows that AAA teams, A+ teams, AA stadiums, and rookie stadiums are all associated with significant positive effects on the change in local per capita income. The presence of positive effects is strikingly different from decades of non-positive results at the major league level.
Choosing The Optimal Area Of Economic Impact, Nola Agha
Choosing The Optimal Area Of Economic Impact, Nola Agha
Sport Management
Economic impact studies tout the benefits of events like the Olympics and the Super Bowl as well as of facilities and teams. Regardless of the methodology used by researchers, all economic impact studies have one thing in common – they all measure impact on a specific area or “local economy.” One struggle for those commissioning and conducting studies is to define the best area of impact. The area of impact should be representative of the region directly effected by the event. Often, there is no a clear answer. A city, a county, a metropolitan statistical area (MSA), a region, or …