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Articles 1 - 17 of 17
Full-Text Articles in Social and Behavioral Sciences
The Economics Of The World Cup, Victor Matheson
The Economics Of The World Cup, Victor Matheson
Economics Department Working Papers
The quadrennial World Cup is perhaps the world’s most popular sporting event with millions of live fans and a worldwide television audience in the billions. It is also one of the most costly events to host with recent hosts countries such as Brazil and Russia spending around $12 billion putting on the tournament. This paper examines the costs and the benefits of hosting the World Cup with a focus on historical data and past economic impact studies.
Unconventional Wisdom: Estimating The Economic Impact Of The Democratic And Republican National Political Conventions, Victor Matheson, Lauren R. Heller, E. Frank Stephenson
Unconventional Wisdom: Estimating The Economic Impact Of The Democratic And Republican National Political Conventions, Victor Matheson, Lauren R. Heller, E. Frank Stephenson
Economics Department Working Papers
We use daily hotel occupancy, price, and revenue data to analyze the economic impact of the 2008 and 2012 Democratic and Republican National Conventions. We find that political conventions generate approximately 29,000 room nights of lodging, though this figure is offset by lower hotel occupancy during the week before and, to a lesser extent, after conventions. Conventions increase hotel revenue by approximately $20 million on average, a figure which suggests that host cities’ claims of economic impacts of $150 million or more may be implausible.
Many Happy Returns? The Pro-Bowl, Mega-Events, And Tourism In Hawaii, Robert Baumann, Victor Matheson
Many Happy Returns? The Pro-Bowl, Mega-Events, And Tourism In Hawaii, Robert Baumann, Victor Matheson
Economics Department Working Papers
We use daily airplane arrival data from 2004 to 2015 from Hawaii’s Department of Business, Economic Development, and Tourism to determine the net change in arrivals around a variety of sporting events. We find only one event generates a positive and significant net impact on arrivals: the Honolulu Marathon, which generates roughly 3,900 additional arrivals. No other sporting events result in a measurable increase in tourist arrivals including, notably, the NFL’s Pro Bowl, which receives a large subsidy from the state’s tourism authority.
An Evaluation Of The Economic Impact Of National Football League Mega-Events, Robert Baade, Victor Matheson
An Evaluation Of The Economic Impact Of National Football League Mega-Events, Robert Baade, Victor Matheson
Economics Department Working Papers
This paper evaluates the magnitude and the economic impact of NFL mega-events including the Pro Bowl and Super Bowl. The paper also reviews the theory behind the usual findings that the observed economic benefits of mega-events are almost always a fraction of the benefits claimed a priori.
Labor Market Effects Of The World Cup: A Sectoral Analysis, Robert Baumann, Bryan Engelhardt, Victor Matheson
Labor Market Effects Of The World Cup: A Sectoral Analysis, Robert Baumann, Bryan Engelhardt, Victor Matheson
Economics Department Working Papers
This paper provides an empirical examination of impact the 1994 FIFA World Cup in the United States on local employment. In contrast to ex ante economic impact reports that suggest large increases in employment due to the tournament, an ex post examination of employment in 9 host metropolitan areas finds no significant impact on employment from hosting World Cup games. Furthermore, an analysis of employment in specific sectors of the economy finds no impact from hosting games on employment in the leisure and hospitality and professional and business services sectors but a statistically significant negative impact on employment in the …
The Labor Market Effects Of The Salt Lake City Winter Olympics, Robert Baumann, Bryan Engelhardt, Victor Matheson
The Labor Market Effects Of The Salt Lake City Winter Olympics, Robert Baumann, Bryan Engelhardt, Victor Matheson
Economics Department Working Papers
The local, state, and federal governments, along with the Salt Lake City Organizing Committee, spent roughly $1.9 billion in direct costs related to planning and hosting the 2002 Winter Olympic Games. In this paper, we investigate whether these expenditures increased employment. At the state level, we find strong evidence it increased employment in leisure related industries in the short run and potentially in the long run. However, the results indicate it had no long term impact on employment in retail trade or in the overall economy.
The Effect Of Sports Franchises On Property Values: The Role Of Owners Versus Renters, Katherine A. Kiel, Victor Matheson, Christopher Sullivan
The Effect Of Sports Franchises On Property Values: The Role Of Owners Versus Renters, Katherine A. Kiel, Victor Matheson, Christopher Sullivan
Economics Department Working Papers
This paper estimates the public benefits to homeowners in cities with NFL franchises by examining housing prices rather than housing rents. In contrast to Carlino and Coulson (2004) we find that the presence of an NFL franchise has no effect on housing prices in a city. Furthermore, we also test whether the presence and size of the subsidy to the team affects values and find that higher subsidies for NFL stadium construction lead to lower house prices. This suggests that the benefits that homeowners receive from the presence of a team are negated by the increased tax burden due to …
Hail To The Chief: Assessing The Economic Impact Of Presidential Inaugurations On The Washington, D.C. Local Economy, Robert Baumann, Bryan Engelhardt, Victor Matheson
Hail To The Chief: Assessing The Economic Impact Of Presidential Inaugurations On The Washington, D.C. Local Economy, Robert Baumann, Bryan Engelhardt, Victor Matheson
Economics Department Working Papers
While presidential inaugurations routinely attract hundreds of thousands or more visitors to Washington, D.C. for the quadrennial celebration, our examination of employment from the Current Employment Statistics survey from 1939 to the present and both employment and unemployment from the Current Population Survey from 1977 to the present finds no noticeable effect on either variable from the event. The residents of D.C. should not expect the inauguration to make them any richer, and the city should not count on any economic benefits generated by the event to fully pay for the significant costs of hosting it.
Slippery Slope? Assessing The Economic Impact Of The 2002 Winter Olympic Games In Salt Lake City, Utah, Robert Baade, Robert Baumann, Victor Matheson
Slippery Slope? Assessing The Economic Impact Of The 2002 Winter Olympic Games In Salt Lake City, Utah, Robert Baade, Robert Baumann, Victor Matheson
Economics Department Working Papers
This paper provides an empirical examination of the 2002 Winter Olympic Games in Salt Lake City, Utah. Our analysis of taxable sales in the counties in which Olympic events took place finds that some sectors such as hotels and restaurants prospered while other retailers such as general merchandisers and department stores suffered. Overall the gains in the hospitality industry are lower than the losses experienced by other sectors in the economy. Given the experience of Utah, potential Olympic hosts should exercise caution before proceeding down the slippery slope of bidding for this event.
Bowling In Hawaii: Examining The Effectiveness Of Sports-Based Tourism Strategies, Robert Baumann, Victor Matheson, Chihiro Muroi
Bowling In Hawaii: Examining The Effectiveness Of Sports-Based Tourism Strategies, Robert Baumann, Victor Matheson, Chihiro Muroi
Economics Department Working Papers
We use daily airplane arrival data from Hawaii’s Department of Business, Economic Development, and Tourism to determine the net change in tourism for a variety of sporting events. We find two events generate a positive and significant net impact on arrivals: Honolulu Marathon and Pro Bowl. We estimate that the Honolulu Marathon produces between 2,183 and 6,519 in net arrivals while the Pro Bowl attracts about 5,595 to 6,725 in net arrivals. At the upper end of our estimates, the Honolulu Marathon and the Pro Bowl attract a nearly identical number of visitors despite the fact that the HTA spends …
Rejecting “Conventional” Wisdom: Estimating The Economic Impact Of National Political Conventions, Robert Baade, Robert Baumann, Victor Matheson
Rejecting “Conventional” Wisdom: Estimating The Economic Impact Of National Political Conventions, Robert Baade, Robert Baumann, Victor Matheson
Economics Department Working Papers
This paper provides an empirical examination of the economic impact of the Democratic and Republican National Conventions on local economies. Our analysis from 1970-2005 of the 50 largest metropolitan areas in the country, including all cities that have hosted one of the national conventions during this time period, finds that the presence of the Republican or the Democratic National Convention has no discernable impact on employment, personal income, or personal income per capita in the cities where the events were held confirming the results of other ex post analyses of mega-events.
Big Men On Campus: Estimating The Economic Impact Of College Sports On Local Economies, Robert Baade, Robert Baumann, Victor Matheson
Big Men On Campus: Estimating The Economic Impact Of College Sports On Local Economies, Robert Baade, Robert Baumann, Victor Matheson
Economics Department Working Papers
College football and men’s basketball are the largest revenue generators in college athletics. Studies funded by athletic boosters tout the economic benefits of a college athletic program as an incentive for host cities to construct new stadiums or arenas at considerable public expense. Our analysis of the economic impact of home football and men’s basketball games on Tallahassee (home of Florida State University) and Gainesville (home of the University of Florida) between 1980 to early-2007 fails to support these claims. Men’s basketball games at these universities have no statistically significant impact on taxable sales, while football yields a modest gain …
Down, Set, Hike: The Economic Impact Of College Football Games On Local Economies, Robert Baade, Robert Baumann, Victor Matheson
Down, Set, Hike: The Economic Impact Of College Football Games On Local Economies, Robert Baade, Robert Baumann, Victor Matheson
Economics Department Working Papers
This paper provides an empirical examination of the economic impact of spectator sports on local economies. Confirming the results of other ex post analyses of sports in general, this paper finds no statistically significant evidence that college football games in particular contribute positively to a host’s economy. Our analysis from 1970-2004 of 63 metropolitan areas that play host to big-time college football programs finds that neither the number of home games played, the winning percentage of the local team, nor winning a national championship has a discernable impact on either employment or personal income in the cities where the teams …
Selling The Big Game: Estimating The Economic Impact Of Mega-Events Through Taxable Sales, Robert Baade, Robert Baumann, Victor Matheson
Selling The Big Game: Estimating The Economic Impact Of Mega-Events Through Taxable Sales, Robert Baade, Robert Baumann, Victor Matheson
Economics Department Working Papers
Professional sports leagues, franchises, and civic boosters, have used the promise of an all star game or league championship as an incentive for host cities to construct new stadiums or arenas at considerable public expense. Past league-sponsored studies have estimated that Super Bowls, All-Star games and other sports mega-events increase economic activity by hundreds of millions of dollars in host cities. Our analysis fails to support these claims. Our detailed regression analysis of taxable sales in Florida over the period 1980 to 2004 reveals that on, average, mega-events ranging from the World Cup to the World Series have been associated …
The Paradox Of Championships: Be Careful What You Wish For, Sports Fans, Victor Matheson, Robert Baade
The Paradox Of Championships: Be Careful What You Wish For, Sports Fans, Victor Matheson, Robert Baade
Economics Department Working Papers
This paper examines issues related to the economic impact of sports championships on the local economy of host cities. While boosters frequently claim a large positive effect of such championships, a closer examination leads to the conclusion that the impact is likely much smaller than touted and may even be negative.
A Fall Classic? Assessing The Economic Impact Of The World Series, Victor Matheson, Robert Baade
A Fall Classic? Assessing The Economic Impact Of The World Series, Victor Matheson, Robert Baade
Economics Department Working Papers
An empirical analysis of the economic impact of the Major League Baseball’s postseason on host-city economies from 1972-2001 suggests that any economic benefits from the playoff are small or non-existent. An examination of 129 playoff series finds that any increase ineconomic growth as a result of the post-season is not statistically significantly different than zero and that a best guess of the economic impact is $6.8 million per home game. As a general method of economic development, public support of a baseball team’s attempt to reach the World Series should be seen as a gamble at best.
Mega-Sporting Events In Developing Nations: Playing The Way To Prosperity?, Victor Matheson, Robert Baade
Mega-Sporting Events In Developing Nations: Playing The Way To Prosperity?, Victor Matheson, Robert Baade
Economics Department Working Papers
Supporters of mega-sporting events such as the World Cup and Olympics claim that these events attract hoards of wealthy visitors and lead to lasting economic benefits for the host regions. Developing countries have become increasingly vocal in demanding a share of the economic benefits of these international games. The specialized infrastructure and operating expenses required to host these events, however, can be substantial. Independent researchers have found that boosters’ projections of the economic impact of sporting events exaggerate the true economic impact of these competitions, and these events are an even worse investment for developing countries than for industrialized nations.