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Full-Text Articles in Business
Economic Development Effects Of Major And Minor League Teams And Stadia, Nola Agha, Daniel A. Rascher
Economic Development Effects Of Major And Minor League Teams And Stadia, Nola Agha, Daniel A. Rascher
Sport Management
Professional teams and leagues claim new stadiums lead to economic development. To test this, we utilize data from the Census Bureau on net establishment and employment changes across 871 Metropolitan and Micropolitan Statistical Areas from 2004 to 2012. Difference-in-differences and panel data techniques allow for a cross-sectional and time series comparison for both teams and new stadia in both professional and development leagues. Nearly all results from hundreds of models are insignificantly different from zero. Results from between- and random-effects models suggest that teams move into markets that already have higher employment and establishment growth. (JEL R58, H71, L83, Z28)
The Economics Of Sports, William S. Kern Editor
The Economics Of Sports, William S. Kern Editor
Upjohn Press
The contributors to this book, all economists at the forefront of the movement to study the economics of sports, show how a host of contemporary economic issues come into play in today's world of sports. These issues include industrial organization, influences on labor markets, monopsony power, the behavior of cartels, local economic development policies, and price discrimination.